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Vikram Solar Limited signed a domestic supply agreement with Avaada Electro Limited to procure 1 GW of solar cells. The contract is valued at approximately Rs.1,250 Crore.
Vikram Solar signed a supply agreement with Avaada Electro to procure 1 GW of solar cells for Rs.1,250 crore, enhancing its domestic supply chain resilience.
Vikram Solar won a ₹1.56 Crore order from Capital Energy Private Limited for 124 MW of G12R TOPCon modules. Delivery is due by end of Q3 2026.
Vikram Solar secured a 124 MW module supply order from Capital Energy for a solar project in Andhra Pradesh. G12R TOPCon module delivery begins October 2026.
Vikram Solar Limited will acquire 100% stake in Vikram Solar Australia Pty Ltd for USD 50,000. This move supports the company's overseas expansion strategy.
Vikram Solar Limited acquired 100% of Vikram Solar Australia Pty Ltd for USD 50,000 (approx. ₹0.48 Crore) to support its overseas expansion strategy.
Vikram Solar received a credit rating update from India Ratings, which enhanced its total rated bank loan facilities from ₹2,700 Crore to ₹4,000 Crore.
Vikram Solar reports record volumes but faces a margin squeeze due to high-cost inventory spillover and war-related raw material inflation. Management is pivoting towards higher-margin retail channels and backward integration to restore profitability.