The MoU was signed here on Thursday in the presence of Tamil Nadu Chief Minister Joseph Vijay and Gyanesh Chaudhary, Chairman and Managing Director of Vikram Solar Ltd Limited alongside other company executives and government officials
Kolkata-based Vikram Solar has signed an MoU with the Government of Tamil Nadu to set up a Battery Energy Storage Systems (BESS) manufacturing plant in the state.Under the MoU, the company will invest ₹15,037 crore to set up the facility at the SIPCOT Gangaikondan Industrial Park in Tirunelveli district, The project is expected to create job opportunities for 2,670 people, according to a government statement.The MoU was signed here on Thursday in the presence of Tamil Nadu Chief Minister Joseph Vijay and Gyanesh Chaudhary, Chairman and Managing Director of Vikram Solar Ltd alongside other company executives and government officials.businessline could not independently ascertain the timeline for the proposed investment and queries to the company as of the time of publishing remain unanswered.multiple facilitiesVikram Solar already operates in Tamil Nadu, and is in the process of constructing multiple facilities in Tamil Nadu including module manufacturing facilities at Vallam and Oragadam in Kanchipuram district and an integrated solar module and cell manufacturing park at Gangaikondan in Tirunelveli. The company rolled out the first module made at the Gangaikondan plant earlier this week. The BESS plant in Gangaikondan is part of Vikram Solar’s target of 15 gigawatt-hours of BESS capacity by FY30. “Battery energy storage will be the next major growth frontier for Vikram Solar. It is a business that is policy-anchored, margin-accretive, and the piece that converts intermittent solar into dispatchable power,” Chaudhary mentioned in a recent earrings call.Published on July 9, 2026
