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Vikram Solar Limited

From EverybodyWiki Bios & Wiki

Vikram Solar Limited
File:Vikram Solar logo.svg
Public
Traded asBSE: 544488
NSE: VIKRAMSOLR
ISIN🆔
IndustrySolar energy
Founded 📆2005; 21 years ago (2005)
Founder 👔Gyanesh Chaudhary
Headquarters 🏙️,
Kolkata, West Bengal
,
India
Area served 🗺️
Worldwide
Key people
Gyanesh Chaudhary
(CMD)[1]
Products 📟 Solar modules
ServicesSolar Photovoltaic (PV) module manufacturing, project engineering and construction, Operation and Maintenance
Revenue🤑 INR 25,109.90 Million[2] (FY 2023-24)
Members
Number of employees
1,513 employees and 728 contractual employees (FY 2023-24)
🌐 Websitewww.vikramsolar.com
📇 Address
📞 telephone

Vikram Solar Limited is an Indian solar module manufacturing company based in Kolkata.[3] The company's primary business focus is manufacturing solar Photovoltaic (PV) modules, and also carrying out engineering, procurement, and construction services and operations and maintenance of solar power plants.[4][5][6][7]

Vikram Solar has an installed capacity of 4.5 GW, as on March 2024,[8] with manufacturing facilities at Falta SEZ in Kolkata, West Bengal and Oragadam in Chennai, Tamil Nadu.

History

Vikram Solar was founded in 2005 by Gyanesh Chaudhary[9] as a manufacturer of solar modules.[10][11] Vikram Solar commenced manufacturing operations in 2009[12] with an installed solar PV module manufacturing capacity of 12 MW.

In 2009, Vikram Solar supplied, installed and commissioned 1st phase of 500 KW solar power plant at Solar Park Kottenheim, Germany.[12]

In 2011, 3 MW solar plants were installed under the National Solar Mission of India.[12]

In March 2013, Vikram Solar contributed to the solarisation of World’s 1st solar airport in Kochi, Kerala[13]

In early 2014, the company designed, installed and commissioned India’s first floating solar plant in Kolkata.[14]

2015-2019

In 2015, Vikram Solar reached a production capacity of 500 MW[12] and signed an agreement with British Solar Renewables (BSR) to supply solar modules with a total output of 30 MW.[15] The company’s modules were awarded the “Excellent Performance” certificate in April.[16] The firm also played a key role in the commissioning of India’s largest rooftop solar installation at Kolkata airport the same year in December.[17]

In February 2016, Vikram Solar expanded its presence in Sub-Saharan Africa through a partnership with Powertech Africa, entering 14 new markets, including Botswana, Zimbabwe, and Tanzania in February. This added to its existing offices in Kenya, Uganda, and South Africa.[18] In the month of October, Vikram Solar formed a strategic cooperation to enter the Finnish market [10] and later that year, in November, signed a MoU with the Indian Institute of Engineering Science and Technology (IIEST) at the Rashtrapati Bhavan.[11]

In 2017, the company reached a manufacturing capacity of 1 GW.,[19]

Gyanesh Chaudhary was appointed Chairman of the Renewable Energy & Energy Storage Division of IEEMA in January 2018.[20] The company opened a sales office in Massachusetts, USA in February.[21] and an office in Gurgaon in May.[22] and launched the Tigo-integrated Smart module called SOLIVO at Intersolar Munich in the following months.[23] The half-cut cell module was unveiled as well by the firm at REI 2018 and they also commissioned a 200 MW plant in Andhra Pradesh for a solar power generation company.[12][24]

In 2019, Vikram Solar secured a contract to install a 140 MW solar project for NTPC and commissioned East India’s largest single shed rooftop project of 2.15 MW.[12][25]

2020-present

In 2020, the company secured a 300 MW project from National Thermal Power Corporation Limited (NTPC).[26] By December, Vikram Solar had commissioned a 919.73 kWp rooftop plant in Falta, West Bengal, to power part of its solar manufacturing operations.[27]

The company launched the M6 cell series modules in 2021.[28] It also commissioned a 225 MW plant for NTPC in Uttar Pradesh, the largest in the state.[29] By June, the company surpassed 3 GW in terms of modules shipped globally[30] and Vikram Solar became India’s largest module manufacturer with up to 2.5 GW capacity and inaugurated a 1.3 GW module manufacturing facility in Chennai.[31]

In 2022, Vikram Solar reached 2.5 GW in module production capacity.[12] In 2023, the company increased its module production capacity to 3.5 GW.[12]

In 2024, it launched n-type monocrystalline cell modules and heterojunction (HJT) PV modules.[12]

Projects

Below are some of Vikram Solar's project references:

India

Abroad

  • Vikram Solar Supplied 52.6 MW of Modules to Southern Current, United States.[42]
  • 4.2 MW project commissioned in the US with Vikram Solar modules.[43]
  • 312 kWp solar system installed by Finnwind Oy with Vikram Solar modules at Helsinki-Vantaa Airport.[44]

See also

References

  1. ↑ "BQ Conversations with Vikram Solar's MD Gyanesh Chaudhary". YouTube. 20 July 2021.
  2. ↑ "Vikram Solar Owler". Owler.
  3. ↑ "Vikram Solar expands manufacturing capacity to 4.5 GW with 1 GW addition". The Economic Times.
  4. ↑ "Company Overview of Vikram Solar Pvt Ltd". Bloomberg Business. Retrieved 2016-03-29. [verification needed]
  5. ↑ Gireesh Chandra Prasad (15 June 2016). "Vikram Solar to sell shares for expansion". Mint. Retrieved 30 July 2016. [verification needed]
  6. ↑ "Vikram Solar commissions 40 MW plant in Madhya Pradesh". Business Standard India. Business Standard. 12 May 2015. Retrieved 30 July 2016. [verification needed]
  7. ↑ Natalie Obiko Pearson (12 August 2014). "Vikram Solar to Build India's First Floating Solar Plant". Bloomberg L.P. Retrieved 30 July 2016. [verification needed]
  8. ↑ www.ETEnergyworld.com. "Vikram Solar expands manufacturing capacity to 4.5 GW with 1 GW addition - ET EnergyWorld". ETEnergyworld.com. Retrieved 2025-03-12.
  9. ↑ "Company Overview of Vikram Solar Pvt Ltd". bloomberg.com. Retrieved 2016-03-29.
  10. ↑ 10.0 10.1 Sengupta, Debjoy (2016-10-19). "Vikram Solar eyes Finnish markets". The Economic Times. Retrieved 2019-09-13.
  11. ↑ 11.0 11.1 Sengupta, Debjoy (2016-11-16). "Vikram Solar signs MoU with Indian Institute of Engineering Science and Technology". energy.economictimes.indiatimes.com. Retrieved 2019-09-13.
  12. ↑ 12.0 12.1 12.2 12.3 12.4 12.5 12.6 12.7 12.8 "SEBI | VIKRAM SOLAR LIMITED". www.sebi.gov.in. Retrieved 2024-12-02.
  13. ↑ "Cochin International Airport becomes world's first to operate on solar power". The Economic Times. 2015-08-18. ISSN 0013-0389. Retrieved 2024-12-02.
  14. ↑ "BNEF classifies Vikram Solar as a tier 1 manufacturer". energynext.in. 2014-02-21. Archived from the original on April 19, 2019. Retrieved 2019-09-13. Unknown parameter |url-status= ignored (help)
  15. ↑ "Vikram Solar wins order from British Solar Renewables". thehindubusinessline.com. 2018-01-23. Retrieved 2019-09-13.
  16. ↑ "CEC Evaluation Confirms Excellent Performance Of Vikram Solar Modules". solardaily.com. 2015-04-16. Retrieved 2019-09-13.
  17. ↑ "Airport turns greener with 2MW solar plant". timesofindia.indiatimes.com. 2015-12-16. Retrieved 2019-09-13.
  18. ↑ Sengupta, Debjoy (2016-02-10). "Vikram Solar expands to 14 new Sub-Saharan countries". The Economic Times. Retrieved 2019-09-13.
  19. ↑ "Vikram Solar scales up manufacturing capacity to 1GW". thehindubusinessline.com. 2018-01-12. Retrieved 2019-09-13.
  20. ↑ Gupta, Anand (2018-01-03). "Mr. Gyanesh Chaudhary appointed as the Chairman of Renewable Energy & Energy Storage Division of IEEMA". eqmagpro.com. Retrieved 2019-09-13.
  21. ↑ Pickerel, Kelly (2018-02-15). "Indian panel manufacturer Vikram Solar opens Massachusetts sales office". solarpowerworldonline.com. Retrieved 2019-09-13.
  22. ↑ Gupta, Anand (2018-05-30). "Vikram Solar opens office in Gurgaon to better serve the demanding solar market". eqmagpro.com. Retrieved 2019-09-13.
  23. ↑ "Vikram Solar launches Tigo-integrated SOLIVO smart modules". renewablewatch.in. August 2018. Retrieved 2019-09-13.
  24. ↑ Gupta, Anand (2018-09-17). "Vikram Solar launches half-cut-cell module at REI 2018". eqmagpro.com. Retrieved 2019-09-13.
  25. ↑ "Vikram Solar gets 140-MW unit order from NTPC". Business Standard India. Press Trust of India. 2019-01-02. Retrieved 2019-09-13.
  26. ↑ "300 MW project bagged". Business Standard India. 7 April 2020.
  27. ↑ "Walking the talk with solar plant on manufacturing facility". The Economic Times.
  28. ↑ "M6 cell module launch".
  29. ↑ "225 MW solar project commissioned". 12 May 2021.
  30. ↑ "Module supply data across the world".
  31. ↑ "Largest solar manufacturer in India".
  32. ↑ "GNFC expects Dahej DCP project to be completed by Dec 2018". Business Standard India. Press Trust of India. 1 October 2017. Retrieved 2021-06-23.
  33. ↑ Gupta, Anand (2018-09-18). "Vikram Solar Commissions 1461 kW Rooftop Solar projects for Century Plyboards". eqmagpro.com. Retrieved 2019-09-13.
  34. ↑ "Vikram Solar commissions 350 kW rooftop solar project for Ordnance Factories unit". energy.economictimes.indiatimes.com. 2018-03-27. Retrieved 2019-09-13.
  35. ↑ "Vikram Solar commissions 100 kW Rooftop Solar project for Parijat Industries". energynext.in. 2018-12-22. Retrieved 2019-09-13.
  36. ↑ "Vikram Solar commissions 130 Mw solar project for NTPC in Rajasthan". Business Standard India. 3 April 2017. Retrieved 2018-11-05.
  37. ↑ "Vikram Solar commissions 80-MW plant in Gujarat". thehindubusinessline.com. 15 September 2017. Retrieved 2018-11-05.
  38. ↑ "Vikram Solar commissions 20MW Solar Power Project for Jindal Aluminum in Karnataka". energy.economictimes.indiatimes.com. 2017-04-12. Archived from the original on 2019-04-19. Retrieved 2019-09-13. Unknown parameter |url-status= ignored (help)
  39. ↑ "Vikram Solar commissions 10 MWp solar plant in Andhra Pradesh". vikramsolar.com. 13 April 2017. Retrieved 2018-11-05.
  40. ↑ "Vikram Solar's Rooftop Solar Solutions aids SBI Patna to join the clean energy drive". energetica-india.net. 2017-12-22. Retrieved 2019-09-13.
  41. ↑ "Vikram Solar successfully commissions India's first floating PV power plant". sunwindenergy.com. 2015-01-13. Retrieved 2019-09-13.
  42. ↑ "Vikram Solar panels used on 52.6-MW Southern Current project". 24 September 2018.
  43. ↑ "4.2 MW Project Commissioned in the USA with Vikram Solar Modules". 25 Jun 2018. Retrieved 2023-03-31.
  44. ↑ "Solarserver | das Internetportal für erneuerbare Energien".


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