Vikram Solar Ltd.VIKRAMSOLR₹349.35 +8.21%

Shares of Vikram Solar Ltd. surged over 8% to ₹348.80 apiece, after the company announced a major module supply order of 336 MW from L&T Construction for deployment at the Khavda Solar Project in Gujarat. The order underscores Vikram Solar’s growing role in India’s renewable energy push and further strengthens its presence in one of the country’s largest solar parks.

As part of the agreement, Vikram Solar will supply its advanced Hypersol G12R modules, powered by N-type technology. These modules feature:

  • Bifaciality up to 80%
  • Superior high-temperature performance
  • Minimal degradation (≤0.4% annually)

The adoption of these modules is expected to enhance Balance-of-System (BOS) efficiency and lower the Levelized Cost of Energy (LCOE), thereby making solar power more cost-effective. Deliveries are scheduled to take place between November 2025 and March 2026.

Strategic Significance

The Khavda Renewable Energy Park, one of India’s most ambitious renewable projects, is setting new benchmarks in solar capacity deployment. Vikram Solar has been a recurring contributor to Khavda; in May 2025, the company secured a 326 MW order from Gujarat Industries Power Company Limited (GIPCL) for the same park.

About Vikram Solar

Headquartered in Kolkata, West Bengal, Vikram Solar is one of India’s largest solar module manufacturers with a cumulative capacity of 4.5 GW and a presence across 39 countries. 

Vikram Solar operates with an extensive network of 83 distributors, 250 dealers, and 76 system integrators across India, reinforcing its leadership in the solar module manufacturing space.

Note: The stock price mentioned is as of 10:45 am.

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Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.