Vikram Solar shares zoom 7% after securing 336 MW module supply order from L&T

Synopsis

Vikram Solar's shares are set to gain attention following a significant 336 MW high-efficiency solar module order from Larsen & Toubro Construction. The modules, utilizing advanced Hypersol G12R N-type technology, will be deployed in Gujarat's Khavda Renewable Energy Park. This project is expected to improve efficiency and reduce the cost of solar energy.

Shares of the recently listed Vikram Solar zoomed 7% to their day’s high of Rs 347.35 on the BSE on Monday, September 8, after the company announced a significant order win of 336 MW high-efficiency solar modules from Larsen & Toubro (L&T) Construction.

“Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Press Release on major order win of 336 MW high-efficiency solar modules from L&T Construction,” the company said in an exchange filing.

The modules will be deployed in Khavda, Gujarat, a region where Vikram Solar has already played a major role in solar capacity expansion.

As part of this order, Vikram Solar will supply its advanced Hypersol G12R modules, built on N-type technology. The latest module offers improved bifaciality of up to 80%, better high-temperature performance, and minimal year-on-year degradation of ≤0.4%.

The adoption of G12R modules is expected to improve Balance-of-System (BOS) efficiency and reduce the Levelized Cost of Energy (LCOE), thereby making solar energy more cost-effective and accessible.

The Khavda Renewable Energy Park, one of India’s most ambitious solar projects, is at the forefront of the country’s renewable energy transformation. With projects of this scale, Gujarat is setting global benchmarks in solar capacity deployment.

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“We are delighted to contribute to this landmark project. The region holds immense potential for solar energy, and this project will play a pivotal role in harnessing that opportunity. Each project we deliver is a testament to the trust placed in Vikram Solar’s technology, performance, and commitment to excellence,” said Gyanesh Chaudhary, Chairman & Managing Director, Vikram Solar.

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