Synopsis:
Solar company won a 148.9 MW order from Sunsure Energy for its high-efficiency N-Type TOPCon modules, to be deployed in Maharashtra and Uttar Pradesh, supporting India’s 500 GW clean energy target and reinforcing its renewable leadership.
This company manufactures solar PV modules and also provides EPC and O&M services, and is now in the spotlight after securing a 148.9 MW high-efficiency solar module order.
With market capitalization of Rs. 12,365 cr, the shares of Vikram Solar Ltd are currently trading at Rs. 345 per share, increasing 3% in today’s market session, making a high of Rs. 348.80, from its previous close of Rs. 335.90 per share.
About the order
Vikram Solar Limited, a leading Indian solar PV module manufacturer, has secured a major order of 148.9 MW high-efficiency N-Type TOPCon solar modules from Sunsure Energy Private Limited, a prominent renewable energy solutions provider for Indian businesses and utilities.
The modules, rated at 595 Wp, are set to be deployed across Maharashtra and Uttar Pradesh, states that are central to India’s clean energy expansion. The order will be executed within 60 days of the Notice to Proceed, expected by January 2026, and represents a one-time supply contract.
This win adds to Vikram Solar’s significant order inflows in 2025, including 200 MW from AB Energia, 336 MW from L&T Construction, and 326 MW from Gujarat Industries Power Company Limited.
The project contributes to India’s target of 500 GW of non-fossil fuel capacity by 2030, while supporting local economic impact, enhanced energy security, and reduced carbon emissions.
About the company
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 with cumulative production capacity of 4.5 GW. The company has established a pan-India presence through an extensive distributor network of 100+ authorized distributors, more than 375+ dealers, and 75+ system integrators.
The company reported sales of Rs. 1,110 crore in September 2025, up 94% YoY from Rs. 573 crore in September 2024. EBIDTA surged 226% YoY to Rs. 235 crore, while net profit skyrocketed 1,728% YoY to Rs. 128 crore. Earnings per share (EPS) jumped to Rs. 3.55 from Rs. 0.23, reflecting a 1,443% increase YoY, underscoring strong operational and financial performance.
Written by Manideep Appana
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