Shares of Vikram Solar Ltd gained 2.52% in Monday’s early trade, rising ₹8.15 to ₹331.00 on the NSE, after the company announced a major order win from L&T Construction.
The company said it has secured an order to supply 336 MW high-efficiency Hypersol G12R solar modules for deployment at the Khavda Renewable Energy Park in Gujarat. Deliveries are scheduled between November 2025 and March 2026.
Vikram Solar highlighted that the advanced N-type G12R modules, with up to 80% bifaciality and reduced degradation, will improve Balance-of-System efficiency and lower the Levelized Cost of Energy (LCOE). These modules are expected to play a critical role in upcoming Firm and Dispatchable Renewable Energy (FDRE) projects and standalone solar initiatives.
Chairman & Managing Director Gyanesh Chaudhary called the order a milestone that reinforces trust in Vikram Solar’s technology. He noted the company’s continued contributions to India’s clean energy transition, especially at Khavda, where Vikram has already won a 326 MW supply contract from GIPCL earlier this year.
Investor sentiment turned positive on the announcement, with the stock witnessing a fresh uptick after the news. Vikram Solar, one of India’s largest module manufacturers with a capacity of 4.5 GW, has also been recognized in PVEL’s PV Module Reliability Scorecard 2025 and listed in BloombergNEF’s Tier 1 solar PV module rankings.
