Vikram Solar rolls out first module from new Tamil Nadu plant

Greenfield CommissionedCapex & Operations View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹189.00

prior close

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announcement price

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Nifty Microcap 250market+0.2%-1.6% vs market

Other Electrical Equipment peers, median of 49sector-0.7%-0.7% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 0.7 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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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.