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Shrikant Pandey

8th May · SEBI-Registered Analyst

VIKRAMSOLR

VIKRAM SOLAR Q4 : AGGRESSIVE BESS & FULLY-INTEGRATED SOLAR EXPANSION ROADMAP 🔋☀️ • ⚡️ Vikram Solar targets launch of Battery Energy Storage System (BESS) assembly operations in FY27 • 🏭 Company plans to establish 7.5 GWh integrated cell manufacturing capacity by FY29 with full cell-to-system manufacturing capability • 🔋 BESS roadmap includes: ◦ Phase 1: 5 GWh Cell-to-Pack ◦ Phase 2: 7.5 GWh Pack-to-System ◦ Phase 3: 7.5 GWh Integrated Scale-up • 📦 First BESS units expected to be assembled & dispatched in FY27 • 🤝 Company in advanced discussions with technology partners & cell technology licensors to accelerate readiness • 📑 Secured 100 MWh order pipeline from a prominent market player for BESS segment • ☀️ Vikram Solar also building a fully integrated 12 GW solar manufacturing ecosystem by FY30, including: ◦ 12 GW Ingot ◦ 12 GW Wafer ◦ 12 GW TOPCon Cell ◦ 15.5 GW Module assembly • 💰 Company maintaining strong financial discipline with: ◦ DSCR guardrail above 2.5x ◦ Net Debt-to-Equity below 1.5x • 🏗️ Earlier approved ₹3,726 Cr capex for 6 GW wafer & ingot facility at Tamil Nadu site

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