BSECompany Update2d ago · 15 Oct 2026, 02:51 pm
Please find enclosed the intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 regarding Order Win of 187 MW of high efficiency solar modules
Vikram Solar Ltd · 544488
✦ AI Summary▲ PositiveOrder Win
Vikram Solar Ltd has secured a 187 MW module supply order from a leading renewable energy developer for solar projects in Karnataka and Tamil Nadu.
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10
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Vikram Solar Ltd - 544488 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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October 15, 2026
VSL/CS/397/2026 dated 15.10.2026
BSE Ltd. National Stock Exchange of India Ltd.
Department of Corporate Services Listing Department
P. J. Towers, Dalal Street, Mumbai – 400 001. Exchange Plaza, Bandra-Kurla Complex, Bandra (E),
Mumbai – 400 051
(Scrip Code: Equity - 544488) (Symbol: VIKRAMSOLR, Series EQ)
Dear Sir/ Madam,
Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) - Press Release on Order Win of 187 MW of
high-efficiency solar modules
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are
enclosing herewith the Press Release on major order win of 187 MW of high-efficiency N-Type TOPCon G12R
modules from a renowned customer which is a leading renewable energy developer in India.
We enclose herewith the details required under Para B of Part A of Schedule III of the Listing Regulations read with
SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as Annexure A to
this letter.
We request you to kindly take the aforesaid information on record.
Thanking You,
For and on behalf of
VIKRAM SOLAR LIMITED
SUDIPTA BHOWAL
Company Secretary &
Compliance Officer
Encl. As Above
Vikram Solar Secures a 187 MW Module Supply Order for Solar Projects in
Karnataka and Tamil Nadu
Kolkata, India, 15 October 2026: Vikram Solar, one of India’s leading solar PV module manufacturers,
has secured a 187 MW module supply order from a leading renewable energy developer for solar
projects at three locations across Karnataka and Tamil Nadu.
Under the agreement, Vikram Solar will supply its high-efficiency N-Type TOPCon G12R modules,
featuring glass-to-glass construction and bifacial technology, with power ratings ranging from 615–
625 Wp.
The engagement builds on Vikram Solar’s existing association with the developer, reflecting continued
confidence in the company’s technology portfolio and execution capabilities. The order adds to Vikram
Solar’s growing pipeline as an integrated domestic manufacturer at a time when India is scaling up
toward its target of 500 GW of non-fossil capacity. With ongoing expansion in high-efficiency cell
manufacturing and sustained demand from leading developers, the company continues to strengthen
its order book and its contribution to the country’s clean energy transition.
Mr. Sameer Nagpal, Chief Executive Officer, Vikram Solar, said, “As India’s solar sector continues to
scale, the focus is increasingly on technologies that can deliver performance, reliability and long-term
value across utility-scale projects. At Vikram Solar, we remain committed to advancing our technology
capabilities and maintaining the manufacturing and execution standards that our customers expect,
delivering dependable, high-efficiency solar solutions that support the evolving needs of India’s
renewable energy sector.”
About Vikram Solar Limited:
Vikram Solar Limited is one of the leading Indian solar module manufacturers, specializing in efficient
photovoltaic (PV) module manufacturing, with an international presence across 39 countries. Headquartered in
Kolkata, West Bengal, it is one of the largest PV module manufacturers in India. Vikram Solar is 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 Limited has established a pan-India
presence through an extensive distributor network of 119 authorized distributors and more than 750+ dealers.
For further information, please contact: Srabani Sen | Vikram Solar | Mobile: +91 7349661300 | Email:
press@vikramsolar.com
Annexure A
Disclosure as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015
Sl. No. Particulars Responses
Name of the entity awarding the order(s)/contract(s) A renowned customer who is a
1. leading renewable energy
Developer in India
Significant terms and conditions of order(s)/contract(s) awarded Supply of high-efficiency N-Type
in brief TOPCon G12R modules
Whether order(s) / contract(s) have been awarded by domestic/ Domestic
international entity
4. Nature of order(s) / contract(s) One time
5. Time period by which the order(s)/contract(s) is to be executed By December 2026
6. Broad consideration or size of the order(s)/contract(s) 187 MW
Whether the promoter/ promoter group / group companies have No
7. any interest in the entity that awarded the order(s)/contract(s)?
If yes, nature of interest and details thereof
Whether the order(s)/contract(s) would fall within related party No
transactions? If yes, whether the same is done at “arm’s length”