Vikram Solar Ltd. Approves $4,371 Crores Capital Expenditure for Battery Energy Storage System
Vikram Solar Ltd. announced the outcome of its Board meeting held on 16th December, 2025. The company approved a capital expenditure of approximately $4,371 crores for Phase 1 of its Battery Energy Storage System (BESS) roadmap. This investment will be used to establish a 5 GWh BESS manufacturing facility at Oragadam, Tamil Nadu by FY27. Additionally, the company is advancing backward integration into battery cell manufacturing, planning to establish a 7.5 GWh cell manufacturing capacity by FY29, subject to necessary approvals. The proposed capital expenditure will be funded through a combination of debt and equity. The meeting also approved the appointment of Mr. Joginder Pal Dua as Non-Executive Independent Director and Mr. Suresh Gopinathan Menon as Non-Executive Non-Independent Director.
Key Highlights
- Vikram Solar Ltd. approved a capital expenditure of approximately $4,371 crores for Phase 1 of its Battery Energy Storage System (BESS) roadmap.
- The company plans to establish a 5 GWh BESS manufacturing facility at Oragadam, Tamil Nadu by FY27.
- Vikram Solar is also advancing backward integration into battery cell manufacturing, planning to establish a 7.5 GWh cell manufacturing capacity by FY29.
- The proposed capital expenditure will be funded through a combination of debt and equity.
- The Board approved the appointment of Mr. Joginder Pal Dua as Non-Executive Independent Director and Mr. Suresh Gopinathan Menon as Non-Executive Non-Independent Director.