Vikram Solar at the center of India’s green jump: Self -sufficient clean energy is building ecosystem

India is emerging as the world’s third largest producer of wind and solar energy, which contributes about 10% to global clean energy production. Vikram Solar is one of the major companies contributing to this change. With nearly two decades of solar manufacturing leadership, the company remains a strong player in India’s 500 GW renewable energy target by 2030.

Established in 2005, Vikram Solar is one of the current domestic solar PV module manufacturers with the current capacity of 4.5 GW and the global presence in 39 countries. The company has provided frequent high efficiency, reliable solar solutions, and has been recognized as the top brand PV India 2025 by BloombergenEF Tier 1 manufacturer and Eupidi Research.

Its manufacturing facilities located in Phalta in West Bengal and Orgadam in Tamil Nadu show its commitment to innovation and quality. These facilities are equipped with advanced techniques in Japan, Germany, America and Switzerland, in which automation and SAP/BI integration ensure accurate quality control. It is noteworthy that the company has increased its capacity by 1 GW at the beginning of this year by 1 GW and by July 2024 it has been included in the list of MNRE approved models and manufacturers (ALMM).

As part of a strategic plan to deepen packwara integration and reduce dependence on imports, Vikram Solar is setting up a 3 GW Solar Sale and 6 GW module construction unit in Gangaacondan, Tamil Nadu, as well as setting up a co-located seller park to create a strong domestic supply chain. The foundation stone of this facility was earlier this year, Tamil Nadu Chief Minister M.K. Stalin was placed in the presence.

Systems Vikram Solar has also announced entry into battery energy storage (BESS), which plans for 1 gigawatt-hour solid-state battery facility, which can be extended to 5 gigawatt-hour. The company is establishing itself as a pioneer in solar PV recycling, after completing a successful pilot project with IIT Madras in 2023.

With special attention to research and development, Vikram reflects its commitment to innovation for the innovation prepared for the NABL-recognized laboratory, advanced digitization initiative and G12R series.

By combining manufacturing excellence with strategic diversification, Vikram Solar is not only supporting India’s renewable ambitions, but also contributing to the creation of a self -sufficient clean energy ecosystem.

Rejuvenation

Vikram Solar Limited (“company”), keeping in mind the necessary approval, market conditions and other things, is proposing to bring the initial public issue (IPO) of his equity shares and he should read the draft of 30 September 2024, which should be read with a draft red herring prospectus of March 25, 2025 (DRHP ” Admitted to the Securities and Exchange Board (“SEBI”). DRHP Company website www.vikramsolar.comSEBI website www.sebi.gov.inAlso book running lead managers website www.jmfl.com But JM Financial Limited, www.equirus.com But Ecuerus Capital Private Limited, www.nuvamawealth.com But Nuwama Wealth and Investment Limited, www.ubs.com But UBS Securities India Private Limited and www.phillipcapital.in But Philipkapital (India) Private Limited and Stock Exchange website www.nseindia.com And www.bseindia.com Is available on. Any potential investor should note that equity shares include high levels of risk in investment and for detailed information related to this risk, “DRHP and RHP/prospectus risk factors, if available, if available. Potential investors should not depend on RHP/prospectus for any investment decision.

Website: www.vikramsolar.com

For more information, please contact: Shrabani Sen Vikram Solar | Mobile: +91 7349661300 | Email: press@vikramsolar.com