Vikram Solar shares rise 3% after securing 400 MW module order from leading EPC company

Vikram Solar's shares increased by 3% on Tuesday, reaching their highest point of Rs 164.99 on the NSE after securing a significant 400 MW module order from a major EPC company. The news of the deal was reported in a filing with the exchange, and it highlights Vikram Solar's expanding role in India's fast-growing agricultural-feeder solarisation sector.

This sector is gaining importance in the nation's shift towards decentralized and dependable renewable energy infrastructure. The agreement stipulates that Vikram Solar will provide its high-efficiency N-Type TOPCon G12R modules, complete with glass-to-glass, bifacial technology and half-cut cells, capable of generating 620 Wp of power.

The order is expected to commence in October 2026 and must be completed by March 2027. This one-time contract underscores Vikram Solar's ability to cater to large-scale and geographically dispersed solar programs. The company's expanding manufacturing capacity and advanced technology portfolio play a crucial role in this achievement.

Gyanesh Chaudhary, Chairman & Managing Director of Vikram Solar, emphasized the company's confidence in its G12R TOPCon technology and its capacity to support extensive, geographically dispersed solar deployments. The order was awarded to a domestic entity, with no promoter or promoter group/ group companies having any stake in the entity that awarded the contract.

Earlier this month, Vikram Solar also secured an order for 124 MW of high-efficiency G12R TOPCon modules for a solar project in Anantapur, Andhra Pradesh, further solidifying its presence in India's utility-scale and large-scale solar ecosystem.