Vikram Solar to set up 1.5 Gw module manufacturing unit in Tamil Nadu
Kolkata-based Vikram Solar is expanding its presence with setting up of 1.3 Gw of solar PV module manufacturing in Indospace Industrial Park, Oragadam, Tamil Nadu. The company said with this facility unit, Vikram Solar’s cumulative PV module manufacturing capacity will reach 2.5 Gw, which is currently the largest in India. This would be the first solar manufacturing facility for the state of Tamil Nadu.
Senior company executives said the capital invested to the tune of Rs 200 crore would be invested in the latest facility. Unlike its existing manufacturing unit, the new facility is not in SEZ, which makes it eligible for the duty reliefs that the Centre has given to the domestic solar manufacturing industry.
