Vikram Solar Limited has informed the Exchange about General Updates under Regulation 30 of SEBI (LODR) Regulations, 2015
VIKRAMSOLR · price
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Vikram Solar's wholly owned subsidiary VSL PowerHive has launched a new battery brand called VION, marking the company's entry into distributed battery storage. The initial range includes five products across three categories: inverter batteries (1.2-15 KWH for home backup), an integrated inverter-battery solution called PowerStack 1.0, and a 5 KWH E-Rickshaw battery. Key features include up to 3000 life cycles, 60-month warranty, and up to 97% efficiency. PowerHive has already secured a 100 MWH BESS order and plans to build 5 GWh BESS manufacturing capacity by FY27 and 7.5 GWh battery cell capacity by FY29.
This signals Vikram Solar's strategic shift from a pure solar manufacturer to an integrated clean energy solutions provider, opening new revenue streams in energy storage and e-mobility. Long-term, the 5-7.5 GWh capacity targets suggest significant capital expansion, but near-term impact on stock will depend on order conversion and execution of manufacturing ramp-up.