Vikram Solar Share Price in Focus; Secures 378.75 MW Order from INGEL for High Efficiency Modules

Vikram Solar announced on February 25, 2026 that it has been awarded a 378.75 MW order to provide high efficiency N TOPCon photovoltaic modules for a project led by Indian Oil NTPC Green Energy Private Limited (INGEL) in Gujarat. 

Order Details and Project Scope 

The contract, awarded by the domestic joint venture INGEL, requires delivery of advanced N TOPCon modules within 180 days. The modules will be installed near Nakhatrana in the Kutch district as part of a 600 MW solar development. This is a one-time order valued at the full 378.75 MW capacity. 

Company Background and Production Capability 

Vikram Solar, headquartered in Kolkata, operates a cumulative production capacity of 9.5 GW and serves markets in 39 countries. The company maintains a distribution network of more than 105 authorised distributors, over 435 dealers and 77 system integrators across India. 

Read More: Vikram Solar Share Price in Focus: 103.9 Million Shares Set for Lock-in Expiry! 

Strategic Significance of the Contract 

The award reinforces Vikram Solar’s presence in Gujarat, a region supported by favourable renewable energy policies and infrastructure. Supplying N TOPCon technology demonstrates the firm’s ability to meet performance and reliability standards required for large utility projects. 

Regulatory and Compliance Disclosure 

In accordance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements, the company filed a press release and made the information available on its website. No related party interest exists in the awarding entity. 

Vikram Solar Share Price Performance  

As of February 25, 2026, at 1:32 PM, Vikram Solar share price on NSE was trading at ₹174.80 down by 5.71% from the previous closing price. 

Conclusion 

Vikram Solar’s 378.75 MW contract with INGEL adds a significant utility scale order to its order book, highlighting its role in India’s expanding solar manufacturing sector. 

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