11-July-2026
Corporate News
 
Vikram Solar to set up Rs 15,000 crore battery systems facility in TN
11-Jul-2026

Vikram Solar on Friday signed a Memorandum of Understanding (MoU) to set up a battery energy storage systems (BESS) manufacturing facility at the SIPCOT Industrial Park at Gangaikondan in Tirunelveli district in Tamil Nadu at an investment of Rs 15,037 crore. The unit is expected to generate 2,670 jobs. The facility, spread across nearly 600,000 square feet, is designed to eventually house module, cell, wafer and ingot production as part of the company’s push towards a fully vertically integrated manufacturing base. The battery storage plant extends that strategy into energy storage.

News Source:- https://www.financialexpress.com/business/news/vikram-solar-to-set-up-rs-15000-crore-battery-systems-facility-in-tn/4288737/?ref=business_hp