Kolkata: Vikram Solar Pvt Ltd, a part of the Vikram group of industries, would invest Rs 500 crore to manufacture wafer and photovoltaic cell (PV) at its plant in Falta SEZ in West Bengal.

Chairman of Vikram group H K Chaudhury said to start with, the company had already invested Rs 100 crore to produce PV modules with a generation capacity of 25 MW. "The capacity will be expanded to 50 MW by the middle of the next financial year," Chaudhury told reporters at the inauguration of the plant here. He said that Vikram Solar GmBH in Germany had been supplying 1 MW of solar power to the grid in that country.