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Founded in 2006, Vikram Solar Limited is currently one of the biggest domestic producer of PV modules in India.
It is also a provider of integrated solar energy solutions, offering
services for operations and maintenance, engineering, procurement, and
construction.
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They operate three manufacturing facilities in Tamil Nadu and West Bengal and also have a global presence spanning six continents and actively participate in influencing the solar revolution.
Funding Details
Vikram Solar has signed a retainer letter with the US International Development Finance Corporation (DFC) for a funding of around 1600 crores to set up its 3 GW cell and module manufacturing plant at Gangaikondan in Tamil Nadu.
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IPO Plans
Vikram Solar filed for a DRHP in March, 2022.
IPO Size : 2000 crores (Fresh Issue of 1500 crores and an OFS of 50 lakh shares)
Financial Highlights
Vikram Solar's EBITDA climbed twofold as a result of a 20% year-over-year increase in total income.
In contrast to the previous financial year's loss of 63 crores, the company declared a profit of 14.5 crores in FY-23.
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