Order Details

Vikram Solar Limited has secured a significant module supply order for a solar project in Anantapur, Andhra Pradesh. The order involves supply of 124 MW of high-efficiency G12R TOPCon modules with rated capacities ranging from 620 Wp to 630 Wp.

Contract Specifications

  • Ordering Entity: Capital Energy Private Limited (domestic entity)
  • Nature of Contract: One-time supply order
  • Execution Timeline: By end of 3rd quarter, 2026 (scheduled to commence in October 2026)
  • Module Technology: High-efficiency G12R TOPCon modules
  • Contract Size: 124 MW
  • Related Party Status: No interest from promoter/promoter group/group companies in the awarding entity. Not a related party transaction.

Strategic Context

This order reinforces Vikram Solar's growing presence in India's utility-scale and large-scale solar ecosystem. The company has recently scaled up its module manufacturing capacity to 15.5 GW, strengthening its ability to serve utility-scale project requirements. The order supports India's broader transition towards greater domestic manufacturing and energy self-reliance.

Management Commentary

Mr. Sameer Nagpal, Chief Executive Officer of Vikram Solar, stated: "Every module supply order we sign is a vote of confidence - not just in our capacity, but in the technology and consistency we bring to the table. Solar developers today are looking for partners who can match the pace of India's energy ambitions with equally advanced solutions. Our G12R TOPCon platform represents that commitment to staying ahead of the curve, and this partnership reaffirms the confidence the industry continues to place in Vikram Solar as India builds out its utility-scale solar infrastructure."

Company Background

Vikram Solar Limited is one of the leading Indian solar module manufacturers specializing in efficient photovoltaic (PV) module manufacturing, with international presence across 39 countries. The company is headquartered in Kolkata, West Bengal, and is one of the largest PV module manufacturers in India. The company has been recognized as a 9th time 'Top Performer' in PVEL's PV Module Reliability scorecard and has been included in the Tier 1 solar PV modules manufacturer list of Bloomberg NEF for 9 consecutive quarters. Vikram Solar has established a pan-India presence through an extensive distributor network of 119 authorized distributors and more than 750 dealers.