Solar Module Manufacturer, Vikram Solar, has bagged a 326.625 MW order for Solar PV Modules to Gujarat Industries Power Company Limited (GIPCL). This order is a part of the Khavda Renewable Energy Park Project. located in the Rann of Kutch in Gujarat.
With this order, the total contribution of Vikram Solar in Khavda Renewable Energy Park reaches 1,300 MW.
Project Details
These Modules are set to be delivered by FY 25-26. By December 26, this project is expected to be fully operational. Vikram Solar has been gradually expanding its presence in the renewable energy sector, and this contract further strengthens the position of Vikram Solar as a major player in large-scale solar installations. The company is using advanced, high-efficiency solar modules, showcasing its commitment to quality and sustainability.
About Khavda Renewable Energy Park
The Khavda Renewable Energy Park is one of India’s largest solar projects, designed to scale the region’s renewable energy production. It will incorporate high-power solar modules from vendors like Vikram Solar to maximise energy production and maintain cost efficiency. Vikram Solar’s involvement underlines the industry’s confidence in its technologies and project fulfilment capabilities.
Vikram Solar MD Statement
“We are thrilled to secure this order, which reinforces the strong and enduring relationship between Vikram Solar and GIPCL. The Khavda project represents more than just scale, it symbolises a collective push toward energy security and sustainability. With this order, we are contributing to one of the most important renewable energy projects in India,” said Gyanesh Chaudhary, Chairman & Managing Director of Vikram Solar.
What does Vikram Solar do?
Established in 2006, Vikram Solar is India’s largest domestic PV module manufacturer and integrated solar energy solutions provider. They have a presence in solar photovoltaic (“PV”) modules, engineering, procurement, and construction (“EPC”) services, and operations and maintenance (“O&M”) services. With an international presence across 6 continents, they are an active contributor to shaping the solar revolution.
Is Vikram Solar a good investment?
Considering Vikram Solar’s key projects, sound financials, and plans, this Solar PV manufacturing company ticks all the boxes for a promising investment. However, investors need to analyse the pros & cons of each company before investing.
Currently, Vikram Solar is not listed on the stock market. Investors can buy pre-IPO shares and own Vikram Solar shares before they are traded in the listed market. Investors can check the details of other pre-IPO shares at Stockify.