Vikram Solar added that it is sitting on an orderbook pipeline of 10.96 GW, underscoring strong market demand, with a capacity utilization at 89.2 percent.
Stocks to Watch, 10 September: Stocks like Kotak Mahindra Bank, Vikram Solar, Blue Jet Healthcare, Sun Pharmaceutical Industries, HEG, Sterling and Wilson, Mamata Machinery, Bikaji Foods International, and Optivalue Tek Consulting will be in focus on September 10.
Stocks to Watch, 28 August: Stocks like Sri Lotus Developers, InterGlobe Aviation, SMS Pharmaceuticals, E2E Networks, Mangal Electrical Industries, HFCL, Power Grid Corporation of India, Edelweiss Financial Services, and Dr Agarwal's Eye Hospital will be in focus on August 28.
TPG had held 7.47 crore shares (38.83 percent stake) in Sai Life just before the IPO launch, of which it sold 2.3 crore shares via offer-for-sale in the IPO in December last year. Since then, gradually it offloaded the remaining 24.78 percent shares including today's share sale.
The Rs 2,079-crore initial public offering (IPO) with a price band of Rs 315 to Rs 332 per share will conclude on Thursday
Vikram Solar’s dominant market position, large integrated expansion plan, and solid industry tailwinds make it a quality contender in the renewable sector, says an analyst
The solar module maker on Monday mobilised Rs 621 crore from anchor investors
Vikram Solar IPO | The company had filed draft papers for its IPO with Sebi in September 2024, and which was approved by the market regulator in May this year.
The company was earlier planning to scrap the project. Now, with the US courts ruling against many of the unfavourable regulations being planned by the Trump administration, Vikram Solar is going ahead with its expansion plan
Company to launch a 1GWh facility, expandable up to 5 GWh
The Trump administration has paused the disbursal of funds under the Inflation Reduction Act, which offered tax credits for making in US. Three of the four Indian manufacturers who wanted to set up plants in the US have put their plans on hold
On Chaudhary's budget wish list are an amended law governing special economic zones and a focus on the renewable manufacturing sector.
Vikram Solar IPO consists of a fresh issue of Rs 1,500 crore worth of shares, and an offer-for-sale of 1.74 crore equity shares by promoters Gyanesh Chaudhary, Vikram Capital Management, and Anil Chaudhary
According to a statement, Vikram Solar will supply 393.9 MWp module to NLC India Limited at GSECL's Solar Park (Stage 2) in Khavda, Gujarat.
Three solar panel makers are looking to raise as much as Rs5,800 crore this year, through IPOs and pre-IPO fundraising.
Chinese companies continue to control the market with depressed prices, making imported solar modules cheaper even with the imposition of duty, or by routing them through FTA countries, thereby killing the home market for Indian manufacturers
The newly formed company, VSK Energy LLC, aims to leverage India's extensive solar manufacturing know-how in the U.S. push to build a clean energy manufacturing sector to compete with China.
The order is for supplying solar modules for the project that will be located at Arizona in the US, a company statement said.
Going by the draft papers, proceeds from the fresh issue will be utilised for setting up an integrated solar cell and solar module manufacturing facility with an annual production capacity of 2,000 MW.
The IPO consists of a fresh issue of Rs 1,500 crore and offer for sale of upto five million shares by its existing shareholders and promoters. The firm may consider a pre-IPO placement of Rs 300 crore, the firm said in its DRHP.
Vikram Solar is a leading solar energy solutions provider, specialising in efficient PV module manufacturing and comprehensive EPC solutions.
Gyanesh Chaudhary, MD & CEO of Vikram Solar, said the association with CEA will strengthen the company's focus on newer technology.
Solar energy is a phenomena that energy producers across the world are betting their money on as fossils begin to deplete. In 2014, Prime Minister Narendra Modi announced the very ambitious plan of generating 100 gigawatt of renewable energy by 2022.