Vikram Solar, a leading Indian solar energy solutions provider, has secured a significant order to supply 1 gigawatt (GW) of solar photovoltaic (PV) modules to JSW Neo Energy Limited. This development underscores Vikram Solar’s expanding role in India’s renewable energy sector.
The modules will be deployed in JSW Neo Energy’s renewable projects across the Indian states of Karnataka, Gujarat, and Rajasthan. The strategic placement of these projects aims to optimize energy generation and contribute significantly to the local power supply.
Vikram Solar’s Advanced Module Technology
To fulfil this order, Vikram Solar will supply its state-of-the-art Hypersol N-Type TOPCon (Tunnel Oxide Passivated Contact) glass-to-glass modules, each with a power output of 580 watts peak (Wp) and above.
Uses of these modules:
- High Efficiency & Durability: Designed for maximum energy output and long-term reliability, it is ideal for large-scale solar installations.
- Glass-to-Glass Protection: Enhances resistance to environmental factors like dust, humidity, and extreme temperatures, ensuring sustained performance.
- Longer Lifespan & Climate Adaptability: The robust structure enhances longevity and optimal functioning across diverse climatic conditions.
Manufacturing Plans
Vikram Solar’s advanced manufacturing facilities located in Falta, West Bengal, and Oragadam, Chennai will be producing these modules. These facilities are equipped with cutting-edge technology to ensure high-quality production standards.
Vikram Solar’s commitment to maintaining stringent quality control measures underscores its dedication to delivering reliable and efficient solar solutions.
Management Word
Gyanesh Chaudhary, Chairman and Managing Director of Vikram Solar, expressed enthusiasm about the partnership, stating, “We are ecstatic to be a part of this pivotal project. With this order win, we aim to demonstrate our technical expertise and leadership in module manufacturing, specifically with our advanced Hypersol N-Type TOPCON Glass-to-Glass Modules (580Wp and above).
Engineered for enhanced efficiency, these modules are ideal for large-scale solar installations. The collaboration evidences our commitment to delivering innovative solutions and fostering long-term partnerships in our vision to power the world with clean energy.
Vikram Solar’s Market Position
The Indian government has set ambitious targets for renewable energy capacity, aiming for 450 GW by 2030, with solar power constituting a significant portion. Companies like Vikram Solar play a crucial role in achieving these targets by providing advanced technology and contributing to the country’s sustainable development goals.
This order reinforces Vikram Solar’s strong market presence and the growing demand for its high-performance solar modules. The company’s extensive experience includes over 275 projects, with an aggregate capacity exceeding 1.03 GW as of March 31, 2024.
Notable projects include a 300 MW installation in Nokhra, Rajasthan, and a 225 MW project in Bilhaur, Uttar Pradesh.
About Vikram Solar
Vikram Solar is one of India’s leading solar energy companies. Founded in 2006, the company has a manufacturing capacity of 3.5 GW and has completed over 1.4 GW of solar projects worldwide. The company operates in more than 32 countries and serves industries, commercial establishments, and residential customers.
Vikram Solar Financial Performance
- Revenue grew by 21.11% to Rs 2,510.99 crore and it recorded over 450% jump in its post-tax profit.
- EBITDA: INR 398 Cr.
- PAT (Profit After Tax): INR 79 Cr.
- Share of Exports in Revenue: 61.58%.
Currently, Vikram Solar is not listed on any exchange. The company has filed DRHP planning for Vikram Solar’s IPO. With significant profit growth and rising solar energy contracts, investors can expect a significant growth in vikram solar unlisted share price.
Possible To Buy Vikram Solar Shares Before The IPO?
Currently, Vikram Solar is not listed in the stock market. However, investors can buy pre-IPO shares and own Vikram Solar shares before they get traded in the listed market. Interested Investors can buy Vikram Solar Unlisted Shares by clicking here. Investors can check the details of other pre-IPO shares at Stockify.
Vikram Solar FAQs
Q1:Is Vikram Solar public?
Currently, Vikram Solar is not yet listed on any stock exchange, so it is not public.
Q2:Is it good to invest in Vikram Solar?
Vikram Solar is one of the most actively traded shares in the unlisted market. You can invest in Vikram Solar Unlisted Shares.
Q3:Is it legal to buy unlisted shares of Vikram Solar in India?
Yes, this is 100% legal and safe to buy unlisted shares of Vikram Solar Ltd. However, this is applicable when you buy Vikram Solar Ltd unlisted shares from reliable and known unlisted share dealers. You can request a quote or trade online at Stockify, we are ready to assist you.
