Vikram Solar , a leading Indian solar module manufacturer, has announced ambitious production targets for fiscal year 2027 (FY27) as part of its strategic growth plan. The company aims to significantly expand its manufacturing capabilities in both module and cell production.

Production Targets

Vikram Solar has set the following production targets for FY27:

These targets represent a substantial increase from the company's current production capacity, which stands at 4.5 GW for module manufacturing as of FY25.

Strategic Expansion

The announcement of these targets comes as part of an investor update, signaling the company's commitment to scaling up its operations to meet the growing demand for solar energy solutions. This expansion aligns with India's push for renewable energy and the government's emphasis on domestic manufacturing in the solar sector.

Market Position

Vikram Solar's ambitious targets reflect its intention to strengthen its position in the solar manufacturing industry. The company has been a key player in India's solar sector, with a presence across 39 countries and recognition as a Tier-1 solar PV module manufacturer by Bloomberg NEF.

Financial Performance

While specific financial details related to this expansion were not provided, it's worth noting that Vikram Solar recently reported strong financial results for Q2 FY26:

• Revenue grew by 93.70% year-on-year to ₹1,109.90 crore
• EBITDA increased by 225.90% to ₹235.00 crore
• PAT showed significant growth, rising by 1,636.50% to ₹128.50 crore

These robust financial figures suggest that the company is well-positioned to pursue its expansion plans.

Industry Outlook

The solar industry in India is experiencing significant growth, driven by government initiatives and increasing adoption across sectors. Vikram Solar's expansion plans align with the broader trend of capacity enhancement in the domestic solar manufacturing sector.

As the company moves forward with its expansion strategy, investors and industry observers will be watching closely to see how these ambitious targets translate into market share and financial performance in the coming years.

Vikram Solar Limited , a leading solar energy solutions provider, has announced robust financial results for the second quarter and half-year ended September 30, 2025, alongside key board appointments and the successful completion of its Initial Public Offering (IPO).

Financial Performance

The company reported impressive standalone revenue figures for Q2 FY2026:

These results demonstrate strong growth and profitability for Vikram Solar in the current fiscal year.

Board Appointments

Effective December 1, 2025, subject to shareholder approval, the company has made two significant appointments to its board:

1. Mr. Suresh Gopinathan Menon as Additional Non-executive Non-Independent Director
2. Mr. Joginder Pal Dua as Additional Independent Director

These appointments are expected to bring valuable expertise to Vikram Solar's leadership team.

Committee Restructuring

Following these appointments, Vikram Solar has reconstituted its Nomination & Remuneration and Stakeholders Relationship committees, aligning its corporate governance structure with the new board composition.

Successful IPO

During the quarter, Vikram Solar completed its IPO, raising ₹1,500.00 crore through fresh equity shares. The company's shares were listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on August 26, 2025, marking a significant milestone in its corporate journey.

Ongoing Legal Matters

The company continues to address certain legal challenges:

1. A pending resolution regarding ₹148.52 crore in safeguard duty payments
2. Disputed trade receivables amounting to ₹84.39 crore

Management remains confident in favorable resolutions for these matters.

Vikram Solar's strong financial performance, successful IPO, and strategic board appointments position the company for continued growth in the renewable energy sector. However, investors should note the ongoing legal matters that may impact future financial statements.