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The Hindu
6 days ago
- Business
- The Hindu
Tamil Nadu signs MoUs worth ₹32,554 crore at investors conclave
Chief Minister M.K. Stalin asserted here on Monday that Tamil Nadu would keep rising under the Dravidian-model government. He was addressing the gathering at the TN Rising Investors Conclave. The Chief Minister inaugurated the commercial production under four projects located in Tirunelveli, Thoothukudi, and Kancheepuram, at cost of ₹1,230 crore. These projects are expected to create employment opportunities for 3,100 people in these regions. In addition, Memoranda of Understanding (MoUs) were signed in the presence of the Chief Minister for 41 projects across Tamil Nadu, with a total investment of ₹32,554 crore. These projects are expected to create over 49,000 jobs across the State. Of the 41 projects, 19 fall under the micro, small, and medium enterprise (MSME) sector, with a combined investment of ₹265.15 crore. Speaking at the event, Mr. Stalin said, 'The dream that Kalaignar Karunanidhi had for southern Tamil Nadu is now becoming a reality.' Recalling his speech at VinFast manufacturing unit's inaugural event, he added, 'Today is a golden day in the growth of southern districts.' Noting that this is the second time an investors' conclave is being held in Thoothukudi, Mr. Stalin highlighted the city's potential. 'We are committed to developing Thoothukudi, a city with a port, rich natural resources, and skilled workforce into an industrially advanced district,' he said. Mr. Stalin pointed out that special incentives were being provided for the industries setting up operations in the southern industrial parks, which were already equipped with ready-to-use infrastructure. Projects such as the desalination plant in Thoothukudi, Tidel park in Madurai, and PM Mithra Park in Virudgunagar are being set up in the southern districts. A Tidel park in Thoothukudi and TATA power solar and Vikram Solar in Tirunelveli have already been established, he said. Mr. Stalin said southern Tamil Nadu was now witnessing an unprecedented level of development. The current government was functioning with the broad objective of inclusive development and growth for all sectors, all districts and all communities. In line with this, the government has been focusing on emerging sectors such as high-tech semiconductor manufacturing, electric vehicle manufacturing, solar cells production, green hydrogen and information technology services. He announced four projects for Thoothukudi and Tirunelveli districts, including a 256-acre space park and a dedicated ship building industry in Thoothukudi, a common facility centre in Thoothukudi and Tirunelveli at a cost of ₹5.59 crore for moringa export.
News18
7 days ago
- Business
- News18
Vikram Solar bags 250 MW solar module supply order from Bondada Group
New Delhi, Aug 4 (PTI) Vikram Solar on Monday said it has secured a 250 MW solar Module supply order from Bondada Group for a project in Maharashtra. However, the company didn't disclose the value of the order in its statement. Vikram Solar, a leading Indian solar PV module manufacturer,said it has secured a significant order to supply 250 MW of high-efficiency solar modules from the Bondada Group, according to the statement. The modules will be deployed for a project in Maharashtra, and the delivery is scheduled to begin in FY 2025-26. As part of the agreement, Vikram Solar will supply its advanced N-Type modules, renowned for superior performance and energy output. This order further cements Vikram Solar's position as a top-tier manufacturer listed in India's Approved List of Models and Manufacturers (ALMM). The project is expected to contribute meaningfully to Maharashtra's renewable energy capacity, reduce carbon emissions, and support the state's sustainability goals. It also aligns with Vikram Solar's ongoing commitment to supporting India's broader renewable energy targets through technological innovation and expanded manufacturing capabilities. Gyanesh Chaudhary, Chairman & Managing Director of Vikram Solar, said, 'Every project we deliver is a reflection of the trust our partners place in our technology, performance, and commitment to excellence." Bondada Raghavendra Rao, Chairman & Managing Director, Bondada Group, said, 'With over 3 GW of projects currently in hand, and more opportunities emerging through trusted partnerships like this, we are confident of delivering purpose-led infrastructure with speed, innovation, and execution excellence." Headquartered in Kolkata, Vikram Solar is one of the largest PV module manufacturers in India with a cumulative production capacity of 4.5 GW in fiscal 2025. PTI KKS 1.0.0 DR DR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 04, 2025, 13:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
7 days ago
- Business
- Time of India
Vikram Solar bags 250 MW order from Bondada Group for Maharashtra solar project
New Delhi: Vikram Solar has secured an order for the supply of 250 megawatts (MW) of high-efficiency solar PV modules from Bondada Group , the company said on Monday. The modules, based on N-Type technology, will be deployed for a project in Maharashtra, with delivery scheduled to commence in FY 2025–26. As part of the agreement, Vikram Solar will supply its N-Type modules, which are listed in India's Approved List of Models and Manufacturers (ALMM). The order marks a continuation of Vikram Solar's commercial engagements aimed at supporting India's renewable energy capacity expansion through domestic manufacturing. 'The collaboration with Vikram Solar brings us a step closer to our goal of achieving 10 GW in renewable capacity by 2030,' said Dr. Bondada Raghavendra Rao, Chairman and Managing Director, Bondada Group. 'With over 3 GW of projects currently in hand, and more opportunities emerging through trusted partnerships like this, we are confident of delivering purpose-led infrastructure with speed, innovation, and execution excellence.' The project will contribute to Maharashtra's renewable energy portfolio and reduce carbon emissions in line with the state's clean energy goals. Gyanesh Chaudhary, Chairman and Managing Director of Vikram Solar, said, 'Every project we deliver is a reflection of the trust our partners place in our technology, performance, and commitment to excellence. As India accelerates its clean energy transition, Vikram Solar remains focused on enabling this momentum with reliable solar solutions, scalable capacity, and consistent execution.'
Time of India
17-06-2025
- Business
- Time of India
Vikram Solar's new TVC promotes a brighter future driven by solar energy
HighlightsVikram Solar, one of India's leading solar photovoltaic module manufacturers, has launched its inaugural television commercial ad campaign titled 'Khushiyon Wali Sunshine' to penetrate the growing energy market in the country. The advertisement features a young protagonist who uses the word 'Hanji' as a metaphor for assurance and care, demonstrating how Vikram Solar provides dependable energy solutions in everyday life. The campaign aims to inspire individuals and businesses to adopt clean energy as a joyful choice, reflecting Vikram Solar's commitment to innovation, reliability, and a sustainable future. Vikram Solar , one of India's solar PV module manufacturers , has launched its first ever TVC ad campaign — ' Khushiyon Wali Sunshine '. The launch marks the first of many efforts by the brand to penetrate the growing energy market in the country. At the heart of this debut TVC is a simple yet powerful message- that with Vikram Solar, every challenge finds a seamless, caring solution. The film showcases a spirited young protagonist who uses this simple word – Hanji, that becomes a powerful metaphor for assurance, care, and the brand's promise of a dependable energy solution. Set in a serene hill town, the film follows a local family hosting guests, with their youngest member eagerly taking on every little responsibility, responding to every request with a cheerful 'Hanji'—a word that quietly reassures, 'I am here for you.' Through everyday moments- adjusting lights, ensuring comfort and anticipating needs, the narrative subtly highlights how Vikram Solar powers every corner of the home. The child's gentle affirmation becomes much more than a reply, it establishes that with every ray of sunshine, Vikram Solar is lighting up lives—one 'Hanji' at a time. 'Khushiyon Wali Sunshine' is more than an ad. It's a celebration of Vikram Solar's vision to touch lives - highlighting how households and businesses can transition from traditional energy sources to efficient solar solutions , the company stated in a press release. The 'Khushiyon Wali Sunshine' ad film is now live across multiple TV channels, digital platforms and other media, supported by an integrated strategy that includes social media activations as well. Gyanesh Chaudhary , chairman and managing director, Vikram Solar, said, 'With 'Khushiyon Wali Sunshine,' we aim to inspire individuals and businesses to adopt clean energy not just as a necessity, but as a joyful, forward-looking choice. This campaign reflects our continued commitment to innovation, reliability, and building a brighter, greener tomorrow.' Vikram Solar launched this brand campaign 'Khushiyon Wali Sunshine', aimed at championing clean energy with a human touch, it added. Building on the momentum, the campaign now expands to include Vikram Solar's first-ever TVC, bringing the message of sustainable living and everyday joy to a wider national audience. Watch the video here:
Economic Times
12-06-2025
- Business
- Economic Times
Big-ticket IPOs ahead: NSDL, HDB Financial, and other marquee firms set for market debuts soon
India's IPO market rebounds; 67 firms eye over Rs 1 lakh crore fundraising. Synopsis After a slow start to the year, India's IPO market is regaining momentum with over 30 companies tapping the markets in the last two months. More than 67 firms await SEBI approval to raise over Rs 1 lakh crore. Key listings in the pipeline include NSDL, HDB Financial, and Vikram Solar, with FY26 IPO fundraising projected to surpass Rs 2 lakh crore. India's IPO market, which had shown resilience in recent years, witnessed a sharp slowdown through most of the first half of the current year. However, activity has picked up recently, buoyed by a recovery in the secondary markets. Over 30 companies, including those in the SME segment, have tapped public markets in the last two months. ADVERTISEMENT As of now, over 67 companies with plans to raise more than Rs 1 lakh crore are awaiting SEBI approval. Analysts remain optimistic that FY26 could see IPO fundraising cross Rs 2 lakh crore, supported by strong fundamentals and robust retail investor participation. Key upcoming listings include NSDL, Hero FinCorp, and HDB Financial Services. Other anticipated public issues later this year are Reliance Jio, LG Electronics India, Zepto, and Ather Energy. NSDL is pressing ahead with its IPO plans for July, expected to raise about $400 million. As India's largest depository by assets under custody, NSDL's IPO will be managed by ICICI Securities, Axis Capital, HSBC Holdings, and IDBI Capital, and will comprise 50.1 million shares, as per previous stock exchange markets regulator SEBI recently granted approval to the IPOs of Vikram Solar and HDB Financial Services. These two marquee listings are expected to hit the markets within the next two months. ADVERTISEMENT A subsidiary of HDFC Bank, HDB Financial Services filed its DRHP in November last year. The company plans to raise Rs 12,500 crore, consisting of a Rs 2,500 crore fresh issue and an offer for sale (OFS) of Rs 10,000 crore by HDFC Financial offers a range of secured and unsecured loans and operates through a network of over 1,680 branches across India. ADVERTISEMENT Meanwhile, Kolkata-based Vikram Solar filed its draft DRHP in October. The IPO will include a fresh issue of equity shares worth up to Rs 1,500 crore, and an OFS of up to 1.75 crore shares by existing Solar specializes in the manufacture of solar photovoltaic modules and provides engineering, procurement, and construction (EPC) services. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
