Vikram Solar Limited (VSL) announced today, December 16, 2025, that its Board of Directors has approved a significant capital expenditure of approximately ₹4,371 crores. This investment will be undertaken by VSL Powerhive Private Limited, a wholly-owned subsidiary, for Phase 1 of its Battery Energy Storage System (BESS) roadmap. Powerhive's long-term plan includes developing 30 GWh of battery cell, module/pack, and BESS manufacturing capacity in phases. Phase 1 involves establishing a 5 GWh BESS manufacturing facility at Oragadam, Tamil Nadu, by FY27. Additionally, VSL is pursuing backward integration into battery cell manufacturing, aiming for a 7.5 GWh cell manufacturing capacity to be operational by FY29, pending necessary approvals. A dedicated R&D lab will be established to develop advanced battery products. The proposed capital expenditure will be funded through a mix of debt and equity, subject to board decisions and approvals. The Board also approved the Draft Postal Ballot Notice for the appointment of Mr. Joginder Pal Dua as Non-Executive Independent Director and Mr. Suresh Gopinathan Menon as Non-Executive Non-Independent Director. The Postal Ballot notice will be dispatched to members shortly.
