Vikram Solar Ltd (VIKRAMSOLR) — Announcement | 15 September 2026

15 September 2026 · BSE 🔴 High Importance Neutral

By StockFin Research Team•AI-Assisted Analysis•Source: BSE/NSE Filings

📢 Key Event

Vikram Solar signs 1 GW domestic solar cell supply deal with Avaada Electro

🔄 What Changed

Added 1 GW domestic cell supply capacity and ₹1,250 crores value to supply chain

🔮 What's Next

Deliveries commence September 2026; 9 GW cell facility commissioning in Q4 FY27

💡 Investor Takeaway

This deal strengthens Vikram Solar's DCR compliance and supply chain control, reducing import dependency for future growth.

⚠️ Risks

None explicitly flagged

Vikram Solar announced a domestic solar cell supply agreement with Avaada Electro to procure 1 GW of ALMM-compliant N-Type G12R TOPCon cells, reinforcing its Domestic Content Requirement (DCR) market position and supply chain resilience. The deal, valued at approximately ₹1,250 crores, supports Vikram Solar's backward integration strategy and India's energy security goals. Deliveries begin in September 2026, aligning with its upcoming 9 GW cell facility commissioning in Q4 FY27.

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About Vikram Solar Ltd (VIKRAMSOLR)

Capital Goods · Capital Goods - Electrical Equipment · Listed on BSE

Market Cap: ₹5,799.48 CrP/E: 15.8ROE: 11.3%ROCE: 20.4%

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"How will this agreement affect Vikram Solar's gross margins?""What is Vikram Solar's current domestic cell production capacity?""How does this deal compare to competitors' domestic supply agreements?"

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📊 More VIKRAMSOLR filings

🔴 Announcement — 29 September 2026Vikram Solar announced the resignation of Executive Vice President Rony Banerjee effective September...
🔴 Announcement — 28 September 2026Vikram Solar announced it received a 400 MW order for high-efficiency N-Type TOPCon G12R modules fro...
🔴 Announcement — 17 September 2026Vikram Solar announced its participation in the Anand Rathi Annual Flagship Conference on September ...
🔴 Announcement — 11 September 2026Vikram Solar announced on September 11, 2026, that it secured a 124 MW supply order for high-efficie...
🔴 Announcement — 26 August 2026Vikram Solar Limited announced it has completed the acquisition of 100% of Vikram Solar Australia Pt...

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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