Tamil Nadu Signs MoU with Vikram Solar for ₹15,037 Crore BESS Manufacturing Plant

en.Wedoany.com Reported - The Tamil Nadu government has signed a Memorandum of Understanding (MoU) with Vikram Solar to establish a Battery Energy Storage System (BESS) manufacturing plant at the SIPCOT Industrial Park in Gangaikondan, Tirunelveli district, with a project investment of ₹15,037 crore.

The MoU, organized by the Department of Industries, Investment Promotion, and Commerce, was signed at the State Secretariat in the presence of Chief Minister C. Joseph Vijay. The state government stated that the project is expected to create approximately 2,670 direct and indirect jobs.

Vikram Solar was represented at the signing by Chairman and Managing Director Gyanesh Chaudhary, Chief Executive Officer Arun Mittal, and Director of Capital Investment Projects Ashwini Agarwal. This proposed investment marks the company's expansion into advanced battery energy storage manufacturing, complementing its existing solar manufacturing operations in Tamil Nadu.

Vikram Solar already operates two solar photovoltaic module manufacturing plants in Oragadam and Vallam within the state, and has established an integrated manufacturing complex for solar photovoltaic cells and modules in Gangaikondan. The addition of a large-scale BESS manufacturing plant is expected to further consolidate Vikram Solar's manufacturing footprint in Tamil Nadu while supporting the growing demand for energy storage solutions driven by renewable energy deployment.

The state government stated that this investment reflects Tamil Nadu's continued focus on attracting large-scale clean energy manufacturing projects and expanding its industrial base. Tamil Nadu's Minister for Industries S. Keerthana, Chief Secretary M. Saikumar, senior government officials, and representatives from Vikram Solar attended the MoU signing ceremony.