Vikram Solar signs 1 GW solar cell supply deal worth about Rs 1,250 cr with Avaada Electro

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty Microcap 250market-0.1%+0.2% vs market

Other Electrical Equipment peers, median of 52sector-0.2%+0.3% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.3 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 52Pending

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AI summary

Vikram Solar has signed a domestic solar cell supply agreement with Avaada Electro for 1 GW of ALMM-compliant N-Type G12R TOPCon solar cells, valued at about Rs 1,250 crores. Deliveries begin September 2026. The deal strengthens Vikram Solar's position in India's Domestic Content Requirement segment and complements its upcoming 9 GW cell manufacturing facility set to commission in Q4 FY27.

Likely market impact

Strengthens supply chain and DCR market position; supports module manufacturing continuity ahead of own cell plant commissioning in Q4 FY27.