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Vikram Group Diversity into Solar Power

Kolkata, May 7

The giant Tea Machinery manufacturing Group, a Kolkata based conglomerate, already reached at the height of the largest Tea Machinery manufacturer in the world now diversified into crystalline photo voltaic cell producing company. It has entered into a joint venture with a Spanish co. Proener Renovables to provide equipment and plants for solar projects.

The Vikram Proener joint venture is presently executing two projects. One at Raipur and other at Rourkela and it is expecting to earn a revenue of Rs. 250 crore from its first year’s operation according to Mr. H.K. Chaudhary, Chairman, Vikram Group.

The Group is also contemplating to inroad in Solar Power generation which would be undertaken by a separate wing of the group not through Vikram-Proener JV, Mr. Gyanesh Chaudhary, Director, Vikram Solar said.

06 Jun, 2011

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