VIKRAMSOLR

### Stock in Focus **

Solar** – Vikram Solar has successfully rolled out the **first solar module** from its new **mega manufacturing facility at Gangaikondan, Tamil Nadu**, marking a key milestone in expanding its domestic manufacturing capabilities. The company also announced an ambitious expansion plan to scale its **solar cell manufacturing capacity to 9 GW by FY27** and **wafer & ingot capacity to 12 GW by FY29**, strengthening its backward integration strategy. ### Impact **Positive for Vikram Solar** – The new facility and capacity expansion will enhance production capabilities, improve supply chain integration, reduce import dependence, and position the company to benefit from India's growing renewable energy demand. **Positive for Solar Ecosystem** – The announcement is also sentimentally positive for listed solar and renewable energy companies such as **WAAREEENER**, **PREMIERENE**, **WEBELSOLAR**, and **BOROSCI**, as it reinforces the long-term growth outlook for India's domestic solar manufacturing sector.