Indian solar PV manufacturer Vikram Solar has secured a contract to supply 200MW of modules to AB Energia, a domestic solar engineering, procurement, and construction (EPC) solutions provider.
The company will supply its M10R n-Type tunnel oxide passivated contact (TOPCon) modules, each rated at 590Wp. The modules will be deployed across the Indian states of Maharashtra, Madhya Pradesh, and Gujarat. Deliveries are scheduled to commence in September 2025 and will continue through early 2026.
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“This order not only reflects the continued trust from AB Energia in our technology and execution but also reinforces Vikram Solar’s position as a dependable and future-ready solar solutions provider,” said Gyanesh Chaudhary, managing director, Vikram Solar.
Of late, the company has entered into a series of supply agreements, underscoring its growing presence in India’s large-scale solar sector. These include a 336MW module supply deal with L&T Construction for the 2.3GW Khavda solar park in Gujarat, as well as a 326.6MW agreement with Gujarat State Electricity Corporation Limited (GSECL).
Headquartered in Kolkata, West Bengal, the company has a cumulative production capacity of 4.5GW. Recently, Vikram Solar reported a 79.7% year-on-year rise in revenue for the three months ending 30 June 2025.
The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 117.3% to INR2.42 billion (US$274 million), with margins strengthening to 21.4%. Profit after tax (PAT) surged 483.9% year-on-year, with PAT margins reaching 11.7%, reflecting sharper profitability alongside revenue growth. As of Q1 FY26, the company held a project pipeline of 10.96GW.
