Quarterly Result7 May 2026, 11:01 pm
Vikram Solar: FY26 Results Approved; ₹3,726 Cr Capex for 6 GW Facility
AI Summary
Vikram Solar Ltd's board approved the audited standalone and consolidated financial results for the year ended March 31, 2026. The board also approved a ₹3,726 crore capital expenditure for a 6 GW backward-integrated wafer and ingot facility in Tamil Nadu by FY29, part of a larger 12 GW roadmap by FY30. Additionally, key management appointments and re-appointments were approved, including Sameer Nagpal as Whole-time Director and CEO, and the re-appointments of Gyanesh Chaudhary and Ratnabali Kakkar.
Key Highlights
- Audited FY26 standalone and consolidated financial results approved with unmodified opinion from auditors.
- ₹3,726 crore capex approved for 6 GW wafer and ingot facility in Tamil Nadu by FY29.
- Sameer Nagpal appointed as Whole-time Director and CEO, effective May 7, 2026.
- Gyanesh Chaudhary re-appointed as Chairman & Managing Director for 3 years.
- VSL Green Power Private Limited is now a material subsidiary.