en.Wedoany.com Reported - India-based solar manufacturer Vikram Solar has reportedly proposed an investment of 270 billion Indian rupees (approximately $2.8 billion) to build a vertically integrated solar manufacturing hub in West Bengal. According to local media reports, the project will create a "vertically integrated energy transition manufacturing ecosystem" covering the entire solar photovoltaic value chain, including ingots, wafers, solar cells, and finished modules. The reports state that the Kolkata-based company aims to generate up to 12,000 "green jobs" in the region. As part of early discussions, Vikram Solar has reportedly sought a meeting with the Chief Minister of West Bengal to submit the investment proposal. The proposal requires approximately 700 acres of land to support the integrated manufacturing facility. The investment is currently at the proposal stage and has not been officially confirmed by the company or the state government, with details on timelines, financing structures, and execution roadmaps remaining unclear. PV Tech contacted Vikram Solar regarding the reported plans, but as of press time, the company neither confirmed nor denied the details from local media reports. If the project proceeds, it would significantly expand Vikram Solar's domestic manufacturing footprint in India. Recently, Vikram Solar's cumulative global solar module deployments surpassed 10 GW, doubling from 5 GW over the past two years, equivalent to installing approximately 25 million modules, with the majority deployed in the domestic market and about 1.5 GW exported to international markets.
Solar engineering, procurement, and construction company Waaree Renewable Technologies (WRTL) has secured a contract to deliver a 300 MW solar photovoltaic project in India. The company has received a letter of award from Sunsational Power Private Limited for the development of a 300 MW/450 MWp ground-mounted solar installation. According to regulatory disclosures, the scope of work includes EPC services for the project, along with two years of operations and maintenance support after commissioning, with the project expected to be completed in the fiscal year 2026-27. Based on recent investor calls, the company's current order book stands at approximately 2.8 GW, with a pipeline of about 36 GW, of which roughly 23 GW is domestic and about 12 GW is related to international contracts. Waaree Energies plans to establish a fully integrated solar manufacturing value chain, covering polysilicon production, ingot and wafer manufacturing, as well as downstream cell and module assembly. The company currently operates 22.3 GW of solar module capacity and 5.4 GW of solar cell capacity globally.
India-based photovoltaic module supplier Gujarat Inject Kerala has received a purchase order valued at approximately 10 million Indian rupees (about $104,800) for the supply of solar photovoltaic modules. The agreement, signed with Gujarat-based Ottire Lifestyle, covers the supply of 1,334 units of 600 Wp solar photovoltaic modules, with the contract scheduled for execution by June 2026. The announcement triggered a positive market reaction, with the company's share price rising 5% to hit the upper circuit limit. Gujarat Inject Kerala was originally established as a joint venture focused on producing intravenous fluids, driven by Gujarat Inject Limited and the Kerala State Industrial Development Corporation, and has since diversified its business from pharmaceutical manufacturing to trading activities. Recently, the company has sought to strengthen its position in the solar industry, leveraging opportunities from India's energy transition. In the fourth quarter of fiscal year 2026, Gujarat Inject Kerala reported a standalone net profit of 16.4 million Indian rupees, with operating revenue surging 624.1% year-on-year to 307 million Indian rupees.
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