Shares of Vikram Solar Ltd. rose 3.05% to ₹368.15 on Monday, September 15, after the company announced a major 200 MW order for high-efficiency solar modules from AB Energia, an EPC solutions provider for commercial and industrial solar projects.
The order includes M10R N-Type TOPCon modules rated at 590 Wp and above, known for superior reliability, efficiency, and energy yields. These modules will be deployed across Maharashtra, Madhya Pradesh, and Gujarat, three states that are leading India’s renewable energy expansion. Deliveries are set to begin in September 2025 and continue into early 2026.
Vikram Solar said the order strengthens its long-term partnership with AB Energia and reaffirms confidence in its technology and execution capabilities. The company highlighted that the project aligns with India’s ambitious renewable energy transition and reinforces its leadership in the C&I solar solutions space.
At the current market price, Vikram Solar’s market capitalization stands at ₹13,237 crore. The stock has been trading in a 52-week range of ₹312.50–₹407.95 and currently carries a P/E ratio of 94.70.
