Vikram Solar Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding a significant order win.
The company has secured a contract to supply 187 MW of high-efficiency N-Type TOPCon G12R solar modules. The order was awarded by a leading renewable energy developer in India for solar projects located across three sites in the states of Karnataka and Tamil Nadu.
The specific modules to be supplied feature glass-to-glass construction and bifacial technology, with power ratings ranging from 615 Wp to 625 Wp.
Key Contract Details (from Annexure A):
- Nature of Contract: One-time supply order.
- Execution Timeline: The order is to be executed by December 2026.
- Size of the Order: 187 MW.
- Awarding Entity: A domestic (Indian) entity.
- Related Party Status: The company confirms that the promoter/promoter group/group companies have no interest in the entity that awarded the order. The transaction is not a related party transaction.
Management Commentary:
Mr. Sameer Nagpal, Chief Executive Officer of Vikram Solar, provided commentary, stating the company's focus is on delivering performance, reliability, and long-term value through advanced technology capabilities and high manufacturing and execution standards.
Context:
The press release notes that this order builds upon an existing association with the developer and adds to the company's growing order pipeline. It highlights the company's position as an integrated domestic manufacturer contributing to India's target of achieving 500 GW of non-fossil fuel capacity.
Company Background:
Vikram Solar Limited is headquartered in Kolkata, West Bengal, and is presented as one of India's leading solar module manufacturers with an international presence in 39 countries. It notes manufacturing plants in Falta, West Bengal, and Chennai, Tamil Nadu.