Vikram Solar Wins 187 MW Solar Module Order; Shares Fall 2.96%

Mumbai, October 15: Shares of Vikram Solar Ltd fell 2.96% to ₹142.40 on Thursday, even as the company announced a 187 MW solar module supply order from a leading renewable energy developer for projects across Karnataka and Tamil Nadu.

Vikram Solar Secures 187 MW Solar Module Order

Vikram Solar will supply high-efficiency N-Type TOPCon G12R modules for solar projects at three locations across Karnataka and Tamil Nadu. The modules feature glass-to-glass construction and bifacial technology, with power ratings ranging from 615 Wp to 625 Wp.

The company said the order builds on its existing relationship with the renewable energy developer. The contract is domestic in nature and is scheduled for execution by December 2026. Vikram Solar did not disclose the customer’s identity or the financial value of the order.

The order adds to the company’s growing domestic manufacturing pipeline as India expands its renewable energy capacity. Vikram Solar said it continues to focus on high-efficiency cell manufacturing and meeting demand from utility-scale solar projects.

Stock Market Snapshot

The Vikram Solar share price was trading 2.96% lower at ₹142.40 on Thursday, October 15, 2026, compared with the previous close of ₹146.75. The stock opened at ₹147.00.

The shares declined despite the order announcement. The contract adds 187 MW to Vikram Solar’s order pipeline, while execution is scheduled by December 2026.

About Vikram Solar

Vikram Solar Ltd is an Indian solar photovoltaic module manufacturer headquartered in Kolkata, West Bengal. The company manufactures solar modules and serves domestic and international markets.

Conclusion

Vikram Solar has secured a 187 MW module supply order for projects in Karnataka and Tamil Nadu, with delivery due by December 2026. The company did not disclose the contract value or name of the customer, while its shares ended the reported trading period lower.

Source:

• https://www.nseindia.com/get-quote/equity/VIKRAMSOLR/Vikram-Solar-Limited
• https://nsearchives.nseindia.com/corporate/VSLCS_15102026145122_StockExchangeIntimation.pdf