With exports to 39 countries and strong domestic manufacturing expansion, Vikram Solar is strengthening its position in India’s solar sector.
Vikram Solar Limited hit 10 GW in cumulative global solar module deployments on Wednesday, doubling its installed base from 5 GW in just two years and cementing its position among India’s top solar manufacturers.
The Kolkata-headquartered company said its deployed capacity — equivalent to over 25 million solar panels — is sufficient to power more than 5 million Indian homes. Approximately 1.5 GW of that total represents exports across 39 countries.
Shares of Vikram Solar rose 2.30 per cent to ₹223.59 on Wednesday. The stock has gained over 22 per cent in the past month, though it remains well below its 52-week high of ₹407.95 hit in September 2025. The company, which listed on the NSE on August 26, 2025, carries a market capitalisation of approximately ₹8,106 crore.
Integration Push
The milestone comes as India’s total solar capacity has crossed 150 GW. Vikram Solar operates 9.5 GW of module manufacturing capacity across facilities in West Bengal and Tamil Nadu. Its 5 GW plant in Vallam, Tamil Nadu, uses advanced automation systems. The company is also scaling its Gangaikondan site to 6 GW of modules and 12 GW of cell manufacturing capacity as part of a backward integration push.
Beyond modules, Vikram Solar is moving into energy storage. Its VSL Powerhive subsidiary plans a 5 GWh battery energy storage facility by FY27, alongside VION, a lithium battery brand targeting residential and mobility customers.
Chairman and Managing Director Gyanesh Chaudhary said the company’s focus going forward would be on high-efficiency technologies, expanded manufacturing, and deeper backward integration to meet growing global demand for reliable clean energy supply.
Vikram Solar holds an EcoVadis Platinum sustainability rating and has featured in BloombergNEF’s Tier 1 module list for eight consecutive quarters.
Published on April 15, 2026
