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Vikram Solar's 1.3 GW Chennai unit starts operations


Vikram Solar’s 1.3 GW Chennai unit starts operations
FE Bureau
© Provided by The Financial Express
Domestic developers have preferred to import cheaper equipment, mostly from China, to build solar plants in the country.
Vikram Solar on Tuesday inaugurated a 1,300 mega-watt (MW) module manufacturing capacity in its new facility Chennai, raising the company s production base to 2,500 MW.
The Kolkata-headquartered company said it plans to add another 3,000 MW of integrated module, cell and wafer manufacturing capacity in the next five years, as it aims to penetrate newer global and domestic markets. The firm said that it will not be bidding for incentives for the new plant under the Centre s `4,500-crore production-linked incentive (PLI) scheme, but the upcoming planned capacities might be considered for PLI after critical deliberations on the tenets of the scheme . ....

Tamil Nadu , Gyanesh Chaudhary , Financial Express Domestic , Vikram Solar , தமிழ் நாடு , கியனெஷ் ச Ud த்ரி , நிதி எக்ஸ்பிரஸ் உள்நாட்டு , விக்ரம் சூரிய ,

Share Market LIVE: Sensex opens above 51,700, Nifty breaches 15,300; ONGC, HDFC Bank among top gainers


Share Market highlights: Sensex tanks 487 pts on closing, Nifty ends above 15,000; RIL, bank stock drag indices
© Provided by The Financial Express
India VIX surged higher and breached 22 levels again. (Image: REUTERS)
Share Market News Today | Sensex, Nifty, Share Prices highlights: Domestic equity benchmarks began with gains on Friday but erased all gains as the day neared the closing bell. S&P BSE Sensex ended 487 points lower at 50,792 while the 50-stock NSE Nifty closed at 15,030. Index heavyweights Reliance Industries and Banking stocks were the primary contributors to the fall. Bank Nifty closed 1.35% lower and the Nifty PSU Bank index ended 1.5% down. On Sensex, only Powergrid, ONGC, Titan, and Infosys closed with gains. The volatile index tanked during the early hours of trade to sit below 20 levels but at the end of the day closed 4% higher at 21 levels.  ....

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