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Vikram Solar Limited ( (IN:VIKRAMSOLR) ) has shared an announcement.
Vikram Solar Limited’s Board of Directors has approved a significant capital expenditure of approximately ₹4,371 crores for the first phase of its Battery Energy Storage System (BESS) roadmap through its subsidiary, VSL Powerhive Private Limited. This phase includes the establishment of a 5 GWh BESS manufacturing facility in Tamil Nadu by FY27 and a 7.5 GWh battery cell manufacturing capacity by FY29, with a focus on backward integration and innovation. Additionally, the board approved the draft postal ballot notice for the appointment of two directors, enhancing the company’s governance structure.
More about Vikram Solar Limited
Vikram Solar Limited operates in the renewable energy sector, focusing on solar energy solutions. The company is involved in the manufacturing of solar photovoltaic (PV) modules and offers comprehensive engineering, procurement, and construction (EPC) services. Vikram Solar is committed to advancing sustainable energy solutions and maintaining a strong market presence in the solar industry.
Average Trading Volume: 195,658
Learn more about VIKRAMSOLR stock on TipRanks’ Stock Analysis page.