Vikram Solar Ltd approves capex

The Board of Directors of Vikram Solar Limited at its meeting held today i.e. December 16, 2025, had, considered and approved the capital expenditure of approximately ₹4,371 crores to be undertaken through VSL Powerhive Private Limited, a wholly owned subsidiary of the Company, for Phase 1 of its Battery Energy Storage System (BESS) roadmap.

It was stated that Powerhive's long-term roadmap outlines a planned 30 GWh of battery cell, module/pack, and BESS manufacturing capacity to be developed in a phased manner. As part of Phase 1, VSL Powerhive will commission a 5 GWh BESS manufacturing facility at Oragadam, Tamil Nadu by FY27. Further, the company is also advancing backward integration into battery cell manufacturing, establishing a 7.5 GWh cell manufacturing capacity scheduled to be fully operational by FY29, subject to receipt of applicable statutory and regulatory approvals. A core component of this venture will be a dedicated R&D lab, tasked with developing future-ready battery products and innovative solutions to maintain market leadership.

The proposed capital expenditure shall be funded through a combination of debt and equity as may be determined by the Board of Directors from time to time, subject to applicable approvals.

Shares of Vikram Solar Limited was last trading in BSE at Rs. 235.40 as compared to the previous close of Rs. 238.25. The total number of shares traded during the day was 45187 in over 1220 trades.

The stock hit an intraday high of Rs. 238.00 and intraday low of 232.40. The net turnover during the day was Rs. 10592699.00.

Source : Equity Bulls

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VikramSolar INE078V01014 ElectricalEquipment Capex