Shares of Vikram Photo voltaic Ltd had been buying and selling 3% increased on Monday, 15 September, after the corporate introduced securing an order for 200 MegaWatt (MW) of high-efficiency photo voltaic modules from AB Energia, a supplier of end-to-end engineering, procurement, and development (EPC) options for industrial and industrial photo voltaic initiatives.
Vikram Photo voltaic acknowledged the modules, rated at 590 watts peak (Wp) or extra, shall be deployed throughout Maharashtra, Madhya Pradesh, and Gujarat.
The corporate additionally acknowledged that it’ll ship its superior M10R N-Sort TOPCon modules, that are designed for improved efficiency, dependability, and better power yield. The deliveries are anticipated to start in September 2025 and proceed till early 2026.
Vikram Photo voltaic’s chairman and managing director, Gyanesh Chaudhary, mentioned the order signifies AB Energia’s steady confidence within the firm’s know-how and efficiency.
Final week, Vikram Photo voltaic acquired an order from L&T Development to ship 336 MW of high-efficiency photo voltaic modules for deployment in Khavda, Gujarat.
The order consists of the supply of Hypersol G12R modules primarily based on N-type know-how. These modules have higher bifaciality by as much as 80%, enhanced efficiency in excessive temperatures, and little year-on-year degradation (≤ 0.4%).
These modules are projected to enhance Stability-of-System (BOS) effectivity and scale back the Levelized Value of Vitality (LCOE), making photo voltaic electrical energy extra reasonably priced and broadly obtainable, in accordance with the enterprise.
Vikram Photo voltaic’s June quarter income elevated by 79.7% to Rs 1,133.6 crore, whereas EBITDA greater than doubled to Rs 242.2 crore. The EBITDA margin for the quarter additionally elevated by roughly 400 foundation factors to 21.4%.
At 1:08 pm, the shares of Vikram Photo voltaic had been buying and selling 1.79% increased at Rs 363.65 on NSE.
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