Vikram Solar has entered into a Solar Cell Supply Agreement with Evervolt Solar Technology India Private Limited to procure Mono-PERC 10BB DCR-compliant solar cells aggregating to 130 MW. The agreement, signed on July 08, 2026, spans the supply period from July 2026 to March 2027 and is intended to support the company's domestic module manufacturing requirements. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Evervolt Solar Technology India Private Limited was formerly known as CETC Renewable Energy Technology India Pvt. Ltd.

The agreement does not involve any special rights such as the appointment of directors, share subscription, or restrictions on capital structure. The transaction is not classified as a related party transaction and does not involve any shareholding between the parties.

Key Details of the Agreement

The following table outlines the key particulars of the Solar Cell Supply Agreement between Vikram Solar and Evervolt Solar Technology India Private Limited.

Agreement Particulars

Vikram Solar has formally commissioned its new manufacturing mega-facility at Gangaikondan, Tamil Nadu, marking the successful rollout of the first solar module from the plant. The 6 lakh sq. ft. greenfield facility is designed as a next-generation smart factory, expected to generate employment for over 1,500 skilled professionals while supporting India's clean energy manufacturing base. The company targets 9 GW of solar cell manufacturing capacity by FY27 and 12 GW of wafer and ingot capacity by FY29-30 to build a fully integrated solar ecosystem.

Capacity Expansion Roadmap

The Gangaikondan campus is central to Vikram Solar's long-term vision for vertical integration across the solar value chain. The company plans to progressively house module, cell, wafer, and ingot manufacturing at this site. The expansion strategy includes specific capacity milestones aimed at strengthening domestic supply chain resilience and increasing value addition.

Facility Capabilities and Production

The newly commissioned plant combines advanced automation with digital manufacturing technologies to enhance efficiency and quality. Key capabilities include real-time monitoring of the production process, complete traceability of every module, and automated inspection systems to minimize defects. The facility uses smart systems to automatically grade, sort, and package modules based on performance.

The first products manufactured at the plant are Vikram Solar's Hypersol N-Type TOPCon G12R modules. These modules deliver a rated power of 615-640 Wp with module efficiencies of up to 23.69%.