Vikram Solar Limited has informed the Exchange regarding a press release dated February 25, 2026, titled "Vikram Solar Secures Major 378.75 MW Order in its First INGEL Solar Project Partnership".
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Vikram Solar has won an order to supply 378.75 MW of advanced N-TOPCon solar modules to Indian Oil NTPC Green Energy Private Limited (INGEL), a joint venture between Indian Oil Corporation and NTPC Green Energy. The modules will be used in a 600 MW solar project being set up near Nakhatrana in Kutch, Gujarat, and delivery must be completed within 180 days starting FY26. This marks Vikram Solar's first partnership with INGEL and highlights its capability in large utility-scale deployments. The company has 9.5 GW of cumulative production capacity and exports to 39 countries.
This is a meaningful new order from a government-backed customer (PSU joint venture), strengthening Vikram Solar's order book and reinforcing its position in India's utility-scale solar segment. The first-time engagement with INGEL opens the door for repeat business and signals continued demand for high-efficiency N-TOPCon modules.