Vikram Solar Shares Rise 1.44% After Securing ₹148.9 MW Solar Module Order from Sunsure Energy

Kolkata, October 23, 2025: The share price of Vikram Solar Limited (NSE: VIKRAMSOLR, BSE: 544488) jumped 1.44% as of 1:39 PM on Thursday, trading at ₹340.75, after the company announced a notable order of 148.9 MW of solar modules from Sunsure Energy Private Limited.

Vikram Solar Limited, headquartered in Kolkata, is one of India’s largest photovoltaic (PV) module manufacturers with a 4.5 GW cumulative production capacity and operations spanning 39 countries. The company has a strong distribution network of over 100 distributors, 375 dealers, and 75 system integrators, and is recognized as a Tier-1 PV module manufacturer by BloombergNEF.

Major Order Win

Vikram Solar has announced that it has received an order for 148.9 MWp of M10R N-Type TOPCon high-efficiency solar modules, rated at 595 Wp, from Sunsure Energy. The order will deploy N-Type TOPCon solar modules with a capacity of 595 Wp across projects in Maharashtra and Uttar Pradesh. The execution of the order is scheduled to be completed within 60 days from the Notice to Proceed, expected by January 2026. This contract is a one-time domestic supply, and there is no promoter or group interest involved in the order.

Alongside the Sunsure Energy order, this addition strengthens Vikram Solar’s expanding portfolio of major projects this year, which includes 200 MW with AB Energia, 336 MW with L&T Construction, and 326 MW with Gujarat Industries Power Company Limited.

Management Commentary

Gyanesh Chaudhary, Chairman and Managing Director of Vikram Solar, said: “India crossing the 125 GW renewable capacity mark underscores the momentum of our clean energy journey. Collaborations like this with Sunsure Energy are vital in accelerating progress through technological excellence and strong partnerships.”

Manish Mehta, Co-founder & Chief Commercial Officer of Sunsure Energy, added: “Our partnership with Vikram Solar reflects our commitment to integrating world-class technology for reliable, round-the-clock clean energy solutions in our key markets of Uttar Pradesh and Maharashtra.”

Share Price Update

As of 1:39 PM on 23 October 2025, shares of Vikram Solar Limited were trading 1.44% higher at ₹340.75. The stock opened at ₹336.50, touched an intraday high of ₹348.80, and a low of ₹332.70. The company’s market capitalisation stood at ₹12,320 crore. Currently, it does not have a price-to-earnings (P/E) ratio or offer any dividend yield. Over the past 52 weeks, the stock has traded between ₹312.50 and ₹407.95.

REF: https://nsearchives.nseindia.com/corporate/VSLCS_23102025093402_VSLorderwin23102025signed.pdf

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