Vikram Solar held an Analyst & Investor Day on March 24, 2026, presenting its three-pillar growth strategy covering modules, cells, and BESS.
The company has 9.5 GW live module capacity and plans a 9 GW cell plant by FY27, targeting 70% backward integration.
A 15 GWh BESS facility is targeted by FY30, aligned with India's 321 GWh national storage target, using LFP chemistry under VION brand.
Financial snapshot indicates <1.0x D:E ratio at peak and EBITDA growth in 9M FY26; full ingot-to-module integration planned by FY29.