India, Dec. 22 -- This company manufactures solar PV modules and also provides EPC and O&M service, and expanding its footprint in the renewable energy and battery storage sectors is now in the spotlight after India Ratings and Research has upgraded its credit ratings.

With a market capitalisation of Rs. 8,817 cr, the shares of Vikram Solar Ltd are currently trading at Rs. 243 per share, surging 9% in today's market session, making a high of Rs. 254.20, from its previous close of Rs. 232.95 per share.

Reason for the surge Vikram Solar Limited announced that India Ratings and Research has upgraded its credit ratings for the company's bank facilities totaling Rs. 2,700 crore. The long-term bank facilities rating was raised from 'IND A' (...