Announced Mon, 6 Jul · 10:37 IST
Vikram Solar rolls out first module from new Tamil Nadu plant
VIKRAMSOLR · price
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Price reaction · full curve 14 horizons · vs prior close
-3.7%1-day move
₹189.00
prior close
₹185.75
base price
In-mkt
timing
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+0.6-0.1+0.0+0.2-3.7-2.8+2.7+7.6+3.3+2.7-4.2———
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AI summary
Vikram Solar has commissioned its new greenfield solar module manufacturing facility at Gangaikondan, Tamil Nadu. The 6 lakh sq. ft. plant will employ over 1,500 people and its first modules are Hypersol N-Type TOPCon G12R units delivering 615-640 Wp with up to 23.69 percent efficiency. It follows the recent Vallam plant launch. Plans call for 9 GW of cell capacity by FY27, another 3 GW by FY28, and 12 GW of wafer and ingot capacity by FY29-30.
Likely market impact
Strengthens capacity and supports vertical integration. Revenue tailwind expected, but execution and large capex funding remain key risks.