Vikram Solar Announces Expansion & Leadership Change

Key Highlights • Module manufacturing capacity to expand to 15.5 GW • Cell manufacturing capacity to reach 12 GW • Entry into energy storage (5 GWh BESS modules) • Entry into battery cell manufacturing (7.5 GWh capacity) • Current module capacity stands at 9.5 GW with presence in 39 countries Leadership Update • Sameer Nagpal appointed as new CEO (30+ years experience) • Former roles at Livguard Energy, Dalmia Bharat, and Shalimar Paints • Krishna Kumar Maskara transitions to COO & CRO roles Why It Matters Expansion into cells, storage, and batteries indicates a shift towards integrated renewable energy solutions, enhancing long-term growth potential. Learning Outcome Capacity expansion combined with forward integration helps renewable companies improve margins and capture more value across the supply chain.