The company said it has a global footprint through a sales office in the United States of America and a procurement office in China and has supplied solar PV modules to customers in 32 countries, as of December 31, 2021.
In India, its customers include National Thermal Power Corporation (NTPC), Rays Power Infra Private Limited, Amp Energy India Private Limited, Azure Power India Private Limited, West Bengal State Electricity Distribution Company Limited, Solar Energy Corporation of India, West Bengal Power Development Corporation Limited, Hindustan Petroleum Corporation Limited, Keventer Agro Limited while international customers include Amp Solar Development Inc (customer since 2019), Safari Energy LLC, Standard Solar Inc and Southern Current.
As of December 31, 2021, Vikram Solar had an order book (including framework agreement/letters of intent) of Rs 4,870 crore, of which Rs 1,621 crore comprised projects/operations which are already under execution and Rs 3,248 crore comprising projects which are yet to be executed. The company clocked revenues Rs 1,610 crore in FY21.
The book running lead managers to the offer are JM Financial Limited and Kotak Mahindra Capital Company Limited.
