News Orders & Deals Vikram Solar Secures 378.75 MW N-TOPCon Module Order from INGEL for Gujarat ProjectVikram Solar Secures 378.75 MW N-TOPCon Module Order from INGEL for Gujarat Project
Vikram Solar has won a major 378.75 MW order for advanced N-TOPCon solar modules from Indian Oil NTPC Green Energy Private Limited (INGEL), marking the company's first engagement with this joint venture. The modules will be deployed in Nakhatrana, Kutch district, Gujarat as part of a 600 MW solar project, with delivery scheduled within 180 days.
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Vikram Solar has secured a substantial order worth 378.75 MW for advanced N-TOPCon solar modules from Indian Oil NTPC Green Energy Private Limited (INGEL), marking the company's first engagement with this joint venture entity. The order represents a significant business achievement and demonstrates strong demand for the company's high-efficiency solar module solutions.
Order Specifications and Details
The solar module order encompasses key specifications and delivery requirements that position Vikram Solar for sustained business growth:
| Parameter: | Details |
|---|---|
| Order Capacity: | 378.75 MW |
| Client: | Indian Oil NTPC Green Energy Private Limited (INGEL) |
| Project Location: | Nakhatrana, Kutch district, Gujarat |
| Delivery Timeline: | Within 180 days |
| Product Type: | Advanced N-TOPCon Solar Modules |
| Contract Nature: | One Time |
Strategic Partnership and Project Significance
This order marks Vikram Solar's first partnership with INGEL, a joint venture between Indian Oil Corporation Limited and NTPC Green Energy Limited. The modules will be deployed as part of a larger 600 MW solar project, reinforcing the company's presence in Gujarat's renewable energy sector.
The Gujarat-based project location in Kutch district represents a strategic advantage, as the state continues to play a pivotal role in India's renewable energy expansion with favorable policies and robust infrastructure supporting large-scale capacity additions.
Technology and Manufacturing Capabilities
Under the scope of the order, Vikram Solar will supply its advanced N-TOPCon modules, engineered to deliver enhanced performance, reliability, and energy yield in utility-scale installations. This technology deployment highlights the company's manufacturing strength and ability to deliver high-performance solutions for complex utility-scale projects.
According to Gyanesh Chaudhary, Chairman & Managing Director of Vikram Solar, the order reinforces the company's ability to deliver cutting-edge technology backed by execution certainty and manufacturing excellence, while supporting India's accelerated clean energy transition.
Regulatory Compliance and Disclosure
The order win has been disclosed under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015, confirming it as a domestic contract with no related party transactions involved. The formal disclosure ensures transparency and regulatory compliance for this significant business development.
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