Power Update

Vikram Solar achieves 1GW solar manufacturing capacity

Solar energy firm Vikram Solar reached 1GW of manufacturing capacity. Today, with a capacity of 1 GW, the company is well equipped to cater not only to the Indian needs, but also contribute to the international solar industry, it said.

Commenting on this feat, Gyanesh Chaudhary, MD and CEO, Vikram Solar said, “For the past decade we have been toiling away, shaping the solar landscape in the country, with our high efficiency modules ‘made in India’. Today we pride ourselves in being an Indian company to have fortified manufacturing capacity to 1GW. India has today come into its own as one of the largest emerging PV markets in the world and we are geared up to do our bit in the ‘Make in India’ initiative as well.”

He added, “In our endeavour to contribute to our make in India commitment, we aspire to expand our capacity to 2GW by FY 2020.”
During FY 2016-17, the company reported close to ` 1,700 crore revenue, a significant increase compared to ` 900 crore in FY 2015-16.

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