Vikram Solar Shares Surge More Than 9% on 336 MW Order Win from L&T

Mumbai, September 8, 2025: Vikram Solar Limited (NSE: VIKRAMSOLR, BSE: 544488) shares surged strongly in early trade after it announced bagging a large order of 336 MW high-efficiency solar modules from L&T Construction for Gujarat’s Khavda Renewable Energy Park. The stock rose 9.10% to ₹352.35, from the day’s last close of ₹322.85, with an intraday high of ₹354.25.

Key Market Data (as of 10:30 AM IST)

Vikram Solar Limited stocks are trading at ₹352.25, an increase of 9.10% on September 8, 2025, at 10:30 AM IST. Vikram Solar Limited stocks have fallen 4% in the past month and risen by close to 6% in the past five days. The stock opened at ₹331.00 and reached an intraday high of ₹354.25, the day’s low being ₹330.45. The market capitalization commanded by the company stands at ₹12,060 crore. It is now trading at a price-to-earnings (P/E) level of 86.26, reflecting rich valuations. It has touched a high of ₹381.65 and a low of ₹312.50 in the last 52 weeks.

Order Highlights

The firm has received a domestic order from L&T Construction to supply 336 MW of high-efficiency solar modules. The project will be implemented in Khavda, Gujarat. The order is for the supply of Hypersol G12R N-type modules, which have a maximum of 80% bifaciality and provide a low annual degradation of ≤0.4%. Deliveries under this agreement are timed between November 2025 and March 2026. The purchase order represents a one-time arrangement and has no related-party transactions.

Management Commentary

Gyanesh Chaudhary, Vikram Solar’s Chairman & MD, remarked: “We are thrilled to be a part of this milestone project. The region has huge potential for solar energy, and this project will play a pivotal role in harnessing that opportunity. Every project we undertake is a reflection of the trust placed in Vikram Solar’s technology, performance, and excellence.”

Company Overview

Vikram Solar Limited, established in 2005 and headquartered in Kolkata, is one of India’s leading solar energy companies. It specializes in manufacturing high-efficiency solar photovoltaic modules and provides end-to-end solar solutions, including engineering, procurement, construction, and operations & maintenance services.

REF: https://nsearchives.nseindia.com/corporate/VSLCS_08092025074558_VSLPressReleaseOrderWin08092025.pdf

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