Vikram Solar inches up on entering into domestic cell supply agreement with Avaada Electro
Vikram Solar is currently trading at Rs. 163.70, up by 0.20 points or 0.12% from its previous closing of Rs. 163.50 on the BSE.
The scrip opened at Rs. 165.30 and has touched a high and low of Rs. 166.15 and Rs. 163.60 respectively. So far 1654 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 365.75 on 16-Sep-2025 and a 52 week low of Rs. 155.75 on 11-Aug-2026.
Last one week high and low of the scrip stood at Rs. 168.50 and Rs. 162.95 respectively. The current market cap of the company is Rs. 5924.49 crore.
The promoters holding in the company stood at 63.01%, while Institutions and Non-Institutions held 7.30% and 29.69% respectively.
Vikram Solar has entered into a domestic cell supply agreement with Avaada Electro, reinforcing its foothold in India’s fast expanding Domestic Content Requirement (DCR) segment and strengthening long-term supply-chain resilience. Under the agreement, Avaada Electro will supply 1 GW of ALMM-compliant domestically manufactured half-cut N-Type G12R TOPCon solar cells for Vikram Solar’s module manufacturing operations. Deliveries are scheduled to commence in September 2026, ensuring consistency in supply and operational continuity to meet the country's growing DCR requirements.
This agreement marks a further step in Vikram Solar's penetration of the domestic DCR market and its strategy to diversify and strengthen its cell supply chain, adding to the supply agreements the company has entered into earlier this year. It also complements Vikram Solar's backward integration strategy, anchored by its upcoming 9 GW high-efficiency solar cell manufacturing facility, scheduled to commission in Q4 FY27.
