Vikram Solar Bags ₹1,250 Cr Order from Avaada Electro Limited
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 Bags New Order from Capital Energy Private Limited
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 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.
Vikram Solar Q1FY27 revenue grew 38% YoY to ₹1,563 Cr, driven by module manufacturing expansion and a 7.9 GW order book. Strategy focuses on full vertical integration at the Gangaikondan hub.
Vikram Solar Limited submitted its Monitoring Agency Report for the quarter ended June 30, 2026, regarding the utilization of IPO proceeds as required by SEBI.
Vikram Solar Capacity Expansion: ₹5,589 Cr Investment
Vikram Solar Ltd announced a 9GW capacity expansion project in Tamil Nadu, requiring an investment of ₹5,589 Crore. The expansion is slated for completion by April 2029.
Vikram Solar Limited announced the re-appointment of three directors and the appointment of Sameer Nagpal as Executive Director. These leadership changes affect several key board positions.
Vikram Solar Limited conducted its 21st Annual General Meeting on August 4, 2026. Shareholders approved financial statements and several director-related resolutions during the proceedings.
Vikram Solar Limited has scheduled a board meeting for August 6, 2026, to consider and approve its unaudited financial results for the quarter ended June 2026.
Vikram Solar Limited submitted its Annual Report for FY 2025-26. The report highlights an operational module manufacturing capacity of 9.5 GW and ongoing expansion initiatives.
Vikram Solar convened its 21st AGM for August 04, 2026. Key resolutions include a Rs. 15,000 Crore investment limit and re-appointment of the Managing Director.
Vikram Solar signed a procurement agreement for 130 MW of solar cells from Evervolt Solar. The ₹650 Crore equivalent supply will support domestic manufacturing through March 2027.
Vikram Solar entered a supply agreement with Evervolt Solar to procure 130 MW of solar cells. The procurement supports domestic module manufacturing from July 2026.