Vikram Solar secures major 378.75 MW Order in its First INGEL Solar Project Partnership

Vikram Solar, a prominent Indian solar PV module manufacturer, has secured an order to supply 378.75 MW of high-efficiency modules for a major project tendered by NTPC Green Energy Limited (INGEL), the renewable energy arm of NTPC Limited.

The modules will be deployed near Nakhatrana in the Kutch district of Gujarat as part of the 600 MW solar project by Indian Oil NTPC Green Energy Private Limited (INGEL), a joint venture between Indian Oil Corporation Limited and NTPC Green Energy Limited, further reinforcing the company's presence in one of India's most strategically important renewable energy regions.

Under the scope of the order, the company will supply its advanced N-TOPCon modules, engineered to deliver enhanced performance, reliability, and energy yield in utility-scale installations. Delivery is expected to commence in FY26.

Gujarat continues to play a pivotal role in India's renewable energy expansion, supported by favourable policies, robust infrastructure, and large-scale capacity additions. This engagement highlights Vikram Solar's ongoing commitment to advancing the country's clean energy transition through technological innovation and consistent execution, while strengthening its footprint in the state.

Mr. Gyanesh Chaudhary, Chairman & Managing Director, Vikram Solar, said: "This order marks an important milestone for Vikram Solar as we commence our first engagement with INGEL on a largescale, strategically significant project in Gujarat. It reinforces our ability to deliver high-performance N-TOPCon technology for complex utility-scale deployments, backed by execution certainty and manufacturing strength. We see this as the beginning of a strong, long-term collaboration supporting India's accelerated clean energy transition."

Shares of Vikram Solar Limited was last trading in BSE at Rs. 185.35 as compared to the previous close of Rs. 187.25. The total number of shares traded during the day was 230736 in over 2363 trades.

The stock hit an intraday high of Rs. 190.00 and intraday low of 183.60. The net turnover during the day was Rs. 42948322.00.

Source : Equity Bulls

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