10.96-GW Order Book: Vikram Solar Wins 148.9 MW Order from Sunsure Energy, Advancing India’s Clean Energy Push
DSIJ Intelligence-1 / 23 Oct 2025/ Categories: Mindshare, Trending
The stock is up by 11.6 per cent from its 52-week low of Rs 312.50 per share.
Solar-ltd-283207">Vikram Solar, one of India’s leading solar PV module manufacturers, has announced a major order of 148.9 MW high-efficiency solar modules from Sunsure Energy, a leading renewable energy solutions provider for India’s leading businesses and utilities transitioning to green power. The modules, rated at 595 Wp, will be deployed across Maharashtra and Uttar Pradesh, two states that are playing a pivotal role in advancing India’s clean energy ambitions.
Under this contract, Vikram Solar will supply its advanced M10R N-Type TOPCon modules to Sunsure, known for superior efficiency, reliability, and high energy yield. This order from Sunsure Energy adds to a series of significant wins for the company this year, including 200 MW from AB Energia, 336 MW from L&T Construction, and 326 MW from Gujarat Industries Power Company Limited, among others.
About the Company
Vikram Solar Limited is a leading Indian solar module manufacturer with a significant international presence, exporting its products to 39 countries. Headquartered in Kolkata, West Bengal, the company is one of the largest photovoltaic (PV) module manufacturers in India, boasting a cumulative production capacity of 4.5 GW. It maintains a strong pan-India presence through an extensive network of 83 authorised distributors, over 250 dealers and 76 system integrators, reinforcing its market position both domestically and abroad.
The company achieved its highest-ever quarterly revenue, EBITDA and PAT. Revenue grew by an impressive 79.7 per cent year-over-year (Y-o-Y), while EBITDA rose by 117.3 per cent Y-o-Y to Rs 242.2 crore, with an EBITDA margin of 21.4 per cent. The company's profit after Tax (PAT) saw a remarkable increase of 483.9 per cent Y-o-Y and the PAT margin was 11.7 per cent. Additionally, Vikram Solar reported a strong capacity utilisation of 89.2 per cent for the quarter, highlighting efficient production and high demand.
The company has a market cap of over Rs 12,000 crore and has an Order Book of 10.96-GW with an ROE of 17 per cent and an ROCE of 26 per cent. In FY25, the company reported net sales of Rs 3,423 crore and net profit of Rs 140 crore. The stock is up by 11.6 per cent from its 52-week low of Rs 312.50 per share.
Disclaimer: The article is for informational purposes only and not investment advice.