Kolkata, August 2025 : Vikram Solar, a leading Indian solar PV module manufacturer, has announced a significant order for the supply of 250 MW of high-efficiency solar modules from the Bondada Group. The modules will be deployed for a project in Maharashtra and the delivery is scheduled to begin in FY 2025–26.

As part of the agreement, Vikram Solar will supply its advanced N-Type modules renowned for superior performance and energy output. This order further cements Vikram Solar’s position as a top-tier manufacturer listed in India’s Approved List of Models and Manufacturers (ALMM).

The project is expected to contribute meaningfully to Maharashtra’s renewable energy capacity, reduce carbon emissions, and support the state’s sustainability goals. It also aligns with Vikram Solar’s ongoing commitment to supporting India’s broader renewable energy targets through technological innovation and expanded manufacturing capabilities.

Mr. Gyanesh Chaudhary, Chairman & Managing Director of Vikram Solar, commented:
“Every project we deliver is a reflection of the trust our partners place in our technology, performance, and commitment to excellence. As India accelerates its clean energy transition, Vikram Solar remains focused on enabling this momentum with reliable solar solutions, scalable capacity, and consistent execution.”

Dr. Bondada Raghavendra Rao, Chairman & Managing Director, Bondada Group, said, “With a shared vision of accelerating India’s clean energy transformation, this collaboration with Vikram Solar brings us a step closer to our goal of achieving 10 GW in renewable capacity by 2030. With over 3 GW of projects currently in hand, and more opportunities emerging through trusted partnerships like this, we are confident of delivering purpose-led infrastructure with speed, innovation, and execution excellence.”

Vikram Solar was recently named a Top Performer in Kiwa PVEL’s 2025 PV Module Reliability Scorecard, marking its eighth overall and seventh consecutive appearance in the prestigious annual ranking.

About Vikram Solar:

Vikram Solar Limited is one of the leading Indian solar module manufacturers, specializing in efficient photovoltaic (PV) module manufacturing, with an international presence across 39 countries as of Fiscal 2024. Headquartered in Kolkata, West Bengal, it is one of the largest PV module manufacturers in India with cumulative production capacity of 4.5 GW in Fiscal 2025. Vikram Solar is a ‘Top Performer’ in PVEL’s PV Module Reliability scorecard and has been included in the Tier 1 solar PV modules manufacturer list of Bloomberg NEF as of the first three quarters of 2024. Vikram Solar Limited has established a pan-India presence through an extensive distributor network of 41 authorized distributors, 64 dealers, and 67 system integrators.

Disclaimer

Vikram Solar Limited (“Company”) is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus dated September 30, 2024 read with the addendum to the draft red herring prospectus dated March 25, 2025 (collectively, the “DRHP”) with Securities and Exchange Board of India (“SEBI”). The DRHP is available on the websites of the Company at www.vikramsolar.com, SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, JM Financial Limited at www.jmfl.com, Equirus Capital Private Limited at www.equirus.com, Nuvama Wealth and Investment Limited at www.nuvamawealth.com, UBS Securities India Private Limited at www.ubs.com and PhillipCapital (India) Private Limited at www.phillipcapital.in and the websites of the stock exchange(s) at www.nseindia.com and www.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” of the DRHP and the RHP/Prospectus, when available. Potential investors should not rely on the RHP/Prospectus for any investment decision.
Website: www.vikramsolar.com.
For further information, please contact: Srabani Sen| Vikram Solar | Mobile: +91 7349661300| Email: press@vikramsolar.com