Vikram Solar has exchanged a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to establish a Battery Energy Storage System (BESS) manufacturing facility at Gangaikondan in Tirunelveli district. The agreement was formalised in the presence of the Hon’ble Chief Minister of Tamil Nadu, Thiru C. Joseph Vijay. The proposed project involves an investment…
Vikram Solar Limited has entered into a Solar Cell Supply Agreement with Evervolt Solar Technology India Private Limited (formerly CETC Renewable Energy Technology India Pvt. Ltd.) for the procurement of 130 MW of Mono-PERC 10BB Domestic Content Requirement (DCR)-compliant solar cells. The agreement was signed on July 8, 2026, and the company informed the stock…
Vikram Solar has commissioned its new solar PV module manufacturing facility at Gangaikondan, Tamil Nadu, with the rollout of the first solar module from the plant. The company said the facility marks a key milestone in its manufacturing expansion and supports the growth of domestic solar manufacturing in India. Spread across 6 lakh square feet,…
The National Company Law Appellate Tribunal (NCLAT) has set aside the corporate insolvency resolution process (CIRP) initiated against Vikram Solar Limited, overturning an earlier order of the National Company Law Tribunal (NCLT), Kolkata Bench. The appellate tribunal’s order, dated June 29, 2026, effectively terminates the insolvency proceedings initiated against the solar module manufacturer. Background of…
The National Company Law Appellate Tribunal (NCLAT) has stayed the corporate insolvency resolution process (CIRP) initiated against Vikram Solar Limited by the National Company Law Tribunal (NCLT), Kolkata Bench. The interim relief, granted on June 24, 2026, suspends the insolvency proceedings and bars the interim resolution professional (IRP) from taking any further action until the…
Vikram Solar Ltd has filed an appeal before the National Company Law Appellate Tribunal (NCLAT) challenging an order of the Kolkata bench of the National Company Law Tribunal (NCLT) that admitted an insolvency petition against the company. The appeal has been filed even as the Corporate Insolvency Resolution Process (CIRP) has commenced, with the Interim…
Vikram Solar Limited reported its strongest-ever financial performance in FY26, driven by higher module production, a growing order book, and improved profitability. The company posted consolidated revenue of Rs 4,802 crore for the fiscal year, marking a 40% year-on-year increase, while Profit After Tax (PAT) surged 236% to Rs 470 crore. According to the company’s…
Vikram Solar Limited has signed a domestic solar cell procurement agreement with Jupiter International Limited to source 2 GW of crystalline solar cells valued at about Rs 2,000 crore. The agreement was executed on February 20, 2026. The contract covers the supply of high-efficiency Tunnel Oxide Passivated Contact (TopCon) Solar Cells and high-efficiency mono Passivated…
Vikram Solar has received an order to supply 148.9 MW of high-efficiency solar modules to Sunsure Energy. The 595 Wp modules will be installed across Maharashtra and Uttar Pradesh. Vikram Solar will provide its advanced Ml0R N-Type TOPCon modules, noted for high efficiency, reliability, and energy yield. This order adds to a series of recent…
Vikram Solar Limited has announced a contract to supply 200 megawatts (MW) of high-efficiency solar modules to AB Energia Solutions Private Limited. The modules, rated at 590 watts peak (Wp) and above, will be deployed across Maharashtra, Madhya Pradesh, and Gujarat. Deliveries will begin in September 2025 and continue through March 2026, according to the…