Onix Solar Energy has announced that it has received a Letter of Intent from Vikran Engineering Limited for the supply of its Non-DCR TOPCon 620 Wp solar modules. The deal, valued at ₹148.80 crore excluding GST, marks a significant addition to the company’s order pipeline and strengthens its position in the domestic renewable energy market.
According to the disclosure, the order covers the design, manufacturing, factory acceptance and supply of 193,550 units of the Non-DCR TOPCon 620 Wp modules, which will be deployed across Vikran’s upcoming solar projects. The entire supply is scheduled to be completed within three months from the date Vikran issues its Manufacturing Clearance, indicating an aggressive execution timeline.
The company confirmed that the promoters or promoter group have no interest in this order and that the transaction does not fall under related-party dealings. With demand for high-efficiency TOPCon modules rising across India, this contract is expected to contribute meaningfully to Onix Solar Energy’s revenue visibility in the coming quarters.
