Vikram Solar share price jumped by 8% during Monday’s trading session following the announcement that the solar photovoltaic (PV) module manufacturer has received a significant contract from L&T Construction to provide 336 MW of high-efficiency solar modules for use at the Khavda Renewable Energy Park in Gujarat. Under this agreement, Vikram Solar will deliver its cutting-edge Hypersol G12R modules, which utilize N-type technology.
The company stated in its exchange filing that the latest module from Vikram Solar demonstrates enhanced bifaciality (up to 80%), improved performance in high temperatures, and minimal degradation year-on-year. The adoption of G12R Modules will improve the efficiency of the Balance-of-System (BOS) and contribute to reducing the Levelized Cost of Energy (LCOE), thus making it more affordable and widely available.
According to the company, with ambitious goals and significant initiatives like the Khavda Renewable Energy Park, Gujarat is leading the way in India’s renewable energy evolution and establishing global standards in solar capacity implementation.
“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.
For the fiscal year ending March 31, 2025, Vikram Solar announced a net profit of ₹139.83 crore and a total revenue of ₹3,459.53 crore. In the year 2024-25, the company’s net profit was recorded at ₹79.72 crore, with revenue amounting to ₹2,523.96 crore. The organisation will have an overall market capitalisation of ₹12,009 crore.
Vikram Solar share price today
Vikram Solar share price today opened at ₹332 apiece on the BSE, the stock touched an intraday high of ₹347.10 apiece and an intraday low of ₹330.05 per share.
