Shares of Vikram Solar (VIKS) slipped 0.19% to ₹160.05 on the BSE, closing below the 52‑week low.
The company disclosed that it has secured a 400 MW module supply order from a leading EPC player for decentralised solar projects across Maharashtra. The deal covers 620 Wp high‑efficiency N‑Type TOPCon G12R modules featuring glass‑to‑glass, bifacial technology and half‑cut cells. Supplies are scheduled to commence in October 2026, with the order to be executed by March 2027.
This follows a ₹1,250 crore solar‑cell supply agreement with Avaada Electro Ltd, which will provide 1 GW of ALMM‑compliant N‑Type G12R TOPCon cells. Both contracts reinforce Vikram Solar’s strategy to diversify its supply chain and tap India’s expanding renewable‑energy infrastructure.
Looking ahead, the 400 MW order is expected to boost Vikram Solar’s revenue stream in the coming quarters, though short‑term price pressure persists as the market digests the announcement. The firm’s commitment to high‑performance modules positions it well for future EPC contracts, potentially improving margins as domestic manufacturing gains traction.