Market Performance
Vikram Solar share price witnessed strong momentum in Monday’s trading session. The stock surged nearly 8% intraday, fueled by the company’s latest order win from L&T Construction. Investors quickly responded to the news, driving volumes higher and pushing the stock towards fresh highs.
On the BSE, the stock opened at ₹332 per share, touched an intraday high of ₹347.10, and slipped to a low of ₹330.05 before stabilizing.
The rally reflects how markets are rewarding companies playing a key role in India’s renewable energy expansion.
Main News: Big Order from L&T for Khavda Renewable Energy Park
The trigger for the sharp up-move was Vikram Solar’s announcement of securing a major contract. The solar PV module maker has bagged an order from L&T Construction to supply 336 MW of high-efficiency solar modules for the Khavda Renewable Energy Park in Gujarat.
These modules belong to Vikram Solar’s Hypersol G12R series, powered by advanced N-type technology. The modules come with:
- Enhanced bifaciality (up to 80%)
- Improved performance at high temperatures
- Lower year-on-year degradation
According to the company, adopting G12R modules not only boosts efficiency but also reduces the Levelized Cost of Energy (LCOE), making renewable energy more accessible and cost-effective.
Company Details & Financial Snapshot
Vikram Solar highlighted the importance of the Khavda project, calling it a milestone in India’s renewable journey. Gujarat has already been leading the charge in solar capacity, and this project is expected to set global benchmarks.
From a financial perspective, the company has been showing growth momentum:
- FY25 Net Profit: ₹139.83 crore
- FY25 Revenue: ₹3,459.53 crore
- FY24 Net Profit: ₹79.72 crore
- FY24 Revenue: ₹2,523.96 crore
- Market Capitalisation: Over ₹12,600 crore
These numbers underline Vikram Solar’s improving profitability and growing market relevance.
Stock Market Today: Listing and IPO Performance
Vikram Solar’s journey on Dalal Street has been eventful since its listing on August 26. The stock debuted with a modest premium of over 2% against its issue price of ₹332 per share.
- NSE Listing Price: ₹338 (+2.41%)
- BSE Listing Price: ₹340 (+1.81%)
- Listing Day Market Cap: ₹13,564.39 crore
- IPO Subscription: 54.63 times
The IPO, worth ₹2,079 crore, included:
- Fresh equity issue: ₹1,500 crore
- Offer for Sale (OFS): 1.74 crore shares (valued at ₹579.37 crore at upper price band)
Post-listing, the stock rallied further, climbing over 13% to touch a peak of ₹376.60 per share.
Summary
Vikram Solar share price is once again in the spotlight, rising 8% today after winning a large order from L&T for the Khavda Renewable Energy Park. The company’s focus on high-performance solar modules, coupled with strong financials and a successful IPO, has kept investor sentiment upbeat.
As India pushes aggressively towards renewable energy adoption, companies like Vikram Solar are likely to remain key players in this transformation.
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