Vikram Solar is working towards commissioning of Phase-I of one GW solar module manufacturing plant coming up in Kanchipuram, Tamil Nadu, by March 2021.
The company, which currently has total installed capacity of 1.2 GW of solar modules at Falta in West Bengal, had signed up with the Tamil Nadu government to set up a three GW solar manufacturing facility earlier in 2020.
The company had signed up with the Tamil Nadu government for setting up three GW capacity of solar manufacturing capacity.
By July 2021, a 700 MW solar cell manufacturing capacity will be ready. As per plans, it expects to add one GW more capacity progressively over the next two years.
The company is investing in Phase-I project with internal resources, debt and promoters contribution.