Vikram Solar achieves milestone of 1GW solar manufacturing capacity
New Delhi [India], June 13 (ANI): Globally recognized and India's leading solar energy solutions provider Vikram Solar has announced reaching 1GW of manufacturing capacity.
This feat is a major contribution towards the 100 GW target set by the Indian government by 2022. With this accomplishment, Vikram Solar cements its position as a forerunner of the Indian Solar energy segment, which is emerging to be the largest PV market in the world.
With a capacity of 1 GW, Vikram Solar Pvt. Ltd is well equipped to cater not only to the Indian needs, but also contribute to the International solar industry.
"For the past decade we have been toiling away, shaping the solar landscape in the country, with our high efficiency modules 'made in India'. Today we pride ourselves in being an Indian company to have fortified manufacturing capacity to 1GW. India has today come into its own as one of the largest emerging PV markets in the world and we are geared up to do our bit in the 'Make in India' initiative as well," said MD and CEO Vikram Solar, Gyanesh Chaudhary.
"In our endeavor to contribute to our make in India commitment, we aspire to expand our capacity to 2GW by FY 2020," added Chaudhary.
Vikram Solar is driving the manufacturing excellence in the Indian solar industry while bringing for the best in class technology backed by an aggressive R&D. During FY 2016-17, the company reported close to Rs. 1700 crores revenue, a significant increase compared to Rs. 900 crores in FY 2015-16.
This was a result of enhanced scale and global scope of operations. In just a decade's time, Vikram Solar has contributed to shaping the solar revolution, not only in India, but across five continents. (ANI)