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Vikram Solar Limited ( (IN:VIKRAMSOLR) ) has provided an update.
Vikram Solar has secured a 378.75 MW order for its advanced N-TOPCon solar modules from Indian Oil NTPC Green Energy, a joint venture between Indian Oil Corporation and NTPC Green Energy, for deployment in a 600 MW solar project near Nakhatrana in Gujarat’s Kutch district. The deal marks Vikram Solar’s first major collaboration with INGEL, strengthens its presence in a key renewable hub, and underscores its positioning as a reliable supplier of high-performance technology to support India’s clean energy transition.
Deliveries for the project are expected to begin in FY26, aligning Vikram Solar’s manufacturing pipeline with the ongoing expansion of utility-scale solar capacity in Gujarat. Management framed the win as a strategically significant milestone that could pave the way for a long-term partnership with INGEL, potentially enhancing the company’s role in future large-scale solar deployments and reinforcing its competitive standing in India’s fast-growing renewable energy market.
More about Vikram Solar Limited
Vikram Solar Limited is a leading Indian photovoltaic module manufacturer specializing in high-efficiency solar PV modules for utility-scale and distributed installations. Headquartered in Kolkata with a cumulative production capacity of 9.5 GW, the company serves 39 countries and operates a broad domestic distribution network of over 100 distributors, hundreds of dealers, and multiple system integrators.
Average Trading Volume: 101,002
Technical Sentiment Signal: Strong Sell
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