Vikram Solar Wins 200 MW Modules Order

Vikram Solar Ltd.on Monday, September 15, said it has secured a 200 Mega Watt (MW) high-efficiency solar modules order from AB Energia, a specialist in end-to-end engineering, procurement and construction (EPC) solutions for

commercial and industrial solar projects.

The modules, which are rated at 590 Watt peak (Wp) and above, will be deployed across Maharashtra, Madhya Pradesh and Gujarat, Vikram Solar said.

The company added that it will supply its advanced M10R N-Type TOPCon modules, designed for superior performance, reliability and higher energy yield. The deliveries are scheduled to begin in September 2025 and will continue through early 2026.

Gyanesh Chaudhary, the chairman and managing director of Vikram Solar, said the

order reflects AB Energia's continued trust in its technology and execution.

Last week, Vikram Solar secured an order from L&T Construction for the supply of 336 MW of high-efficiency solar modules, which will be deployed at Khavda, Gujarat.

As part of the order, it will deliver its latest Hypersol G12R modules, based on N-type technology, featuring improved bifaciality of up to 80%, enhanced performance in high temperatures, and minimal year-on-year degradation (≤ 0.4%).

These modules are expected

to boost Balance-of-System (BOS) efficiency and lower the Levelized Cost of Energy (LCOE), making solar power more cost-effective and widely accessible, the company said.

For the June quarter, Vikram Solar reported a 79.7% revenue growth from the same quarter last year to ₹1,133.6 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) more than doubled to ₹242.2 crore. EBITDA margin for the quarter also expanded by nearly 400 basis points to 21.4%.

Vikram Solar

shares made asubdued debut on the bourses on August 26, 2025, listing at ₹340 on the BSE and at ₹338 on the NSE, a premium of 2.4% and 1.81% against its issue price, respectively.

Vikram Solar shares ended the previous session 2.9% lower at 359.6 apiece.

Also Read:Stocks To Buy: UBS bets on two Midcap IT shares for revenue recovery, growth prospects