Solar stock jumps over 10% after receiving a major order win of 336 MW high-efficiency solar modules from L&T Construction
DSIJ Intelligence-1 / 08 Sep 2025/ Categories: Mindshare, Trending
The stock is up by 14 per cent from its 52-week low of Rs 312.50 per share.
On Monday, shares of Vikram Solar Limited jumped 10.5 per cent to Rs 356.65 per share from its previous closing of Rs 322.85 per share. The stock’s 52-week high is Rs 381.70 per share and its 52-week low is Rs 312.50 per share.
Vikram Solar, a leading Indian solar PV module manufacturer, has secured a major order to supply 336 MW of its high-efficiency solar modules to L&T Construction. The modules will be installed in Khavda, Gujarat, a key region for renewable energy development. Specifically, Vikram Solar will provide its advanced Hypersol G12R modules, which use N-type technology. These modules feature improved bifaciality of up to 80%, better performance in high temperatures and a low year-on-year degradation rate of 0.4% or less.
The deployment of the G12R Modules is expected to improve the overall Balance-of-System (BOS) efficiency and lower the Levelized Cost of Energy (LCOE), making the project more economically viable. This project in Khavda, home to the large-scale Renewable Energy Park, reinforces Gujarat’s leadership in India’s renewable energy transition and sets a global standard for solar capacity. This order also highlights Vikram Solar's role in advancing India's clean energy goals through its focus on technological innovation and scalable, efficient execution.
About the Company
Vikram Solar Limited is a prominent Indian solar module manufacturer with a global presence in 39 countries. Based in Kolkata, the company is one of the largest photovoltaic (PV) module manufacturers in India, boasting a cumulative production capacity of 4.5 GW. Recognised for its performance, Vikram Solar was named a "Top Performer" in the 2025 PVEL PV Module Reliability scorecard and is featured on Bloomberg NEF's Tier 1 solar PV modules manufacturer list. The company maintains a strong domestic presence through its extensive network of 83 authorised distributors, over 250 dealers and 76 system integrators across India.
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The company has a market cap of over Rs 12,000 crore 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 14 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.