Vikram Solar Wins 289.87 MWp Rajasthan Solar Order

Vikram Solar has secured a 289.87 MWp order for a grid-scale solar project in Rajasthan from NLC India, according to a TradingView news report. The order adds to a series of recent module supply announcements by the company across Indian solar projects. The available report does not disclose the order value, module technology, supply schedule, or commissioning timeline for the Rajasthan project. It nevertheless places Vikram Solar among suppliers participating in utility-scale and decentralised solar deployment in India.

Rajasthan order adds grid-scale project exposure

The reported order is for 289.87 MWp of solar modules for a grid-scale project in Rajasthan. MWp, or megawatt-peak, refers to the rated direct-current output of solar modules under standard test conditions. Rajasthan is a significant market for large solar installations, given its solar resource and established renewable-energy project base. The report identifies NLC India as the customer for the order. No further project location, contract terms, or execution milestones were provided in the source material.

NLC India named as ordering party

NLC India is named in the report as the party placing the Rajasthan order. The available text does not specify whether the order is part of a particular NLC India project, tender, or capacity programme. It also does not state whether Vikram Solar will provide only modules or any additional services. As a result, the disclosed information supports the existence and capacity of the reported order but not a financial assessment of the contract. Investors would need further company disclosures for details on revenue recognition and delivery timing.

Recent 187 MW order in South India

On October 15, 2026, Vikram Solar announced an order win for 187 MW of high-efficiency solar modules. The company said these modules would be supplied to projects in Karnataka and Tamil Nadu. Its announcement stated that the order would be executed by December 2026. The source material does not provide the order value or module specifications for this 187 MW contract. This order is separate from the reported Rajasthan order involving NLC India.

Maharashtra supply contract covered 400 MW

Vikram Solar had previously disclosed a 400 MW module supply order from a leading domestic engineering, procurement and construction company. That order covered decentralised solar projects across Maharashtra. The company was scheduled to supply 620 Wp N-Type TOPCon G12R modules from October 2026 through March 2027. The order was linked to agricultural-feeder solarisation projects. News coverage on September 29, 2026 said Vikram Solar shares rose 3% after that order announcement.

Recent disclosed order flow

Module technology remains relevant

The Maharashtra order specifically involved N-Type TOPCon G12R modules rated at 620 Wp. N-Type TOPCon is a solar-cell technology referenced in the company’s disclosed supply arrangement for that portfolio. The Rajasthan report does not identify the module type or wattage that will be used. Therefore, it cannot be assumed that the Rajasthan contract will use the same product configuration. Product-level details may be clarified only through a future company filing or release.

Market relevance for Vikram Solar

The reported Rajasthan order expands the list of recently disclosed or reported module opportunities for Vikram Solar. Its recent announcements span grid-scale solar, decentralised projects, and installations in Maharashtra, Karnataka, and Tamil Nadu. These orders show activity across different project formats and geographies. However, capacity figures alone do not indicate the revenue contribution or profit impact of each contract. Financial implications will depend on pricing, fulfilment schedules, costs, and contractual terms that have not been provided.

Regulatory disclosures remain important

Vikram Solar used a Regulation 30 disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for its October 15 announcement on the 187 MW order. Regulation 30 governs disclosure of material events by listed entities. The available material does not include a corresponding detailed filing for the 289.87 MWp Rajasthan order. Market participants will therefore look for further formal disclosures on the customer arrangement, supply scope, and delivery period.

What investors can track next

The key next development would be a detailed company announcement on the reported Rajasthan order. Relevant information would include the module technology, supply schedule, contract value, and expected accounting treatment. Investors can also track progress on the 187 MW South India order, which is slated for execution by December 2026. Supplies for the 400 MW Maharashtra order are scheduled to run through March 2027. Until additional disclosures are made, the confirmed focus remains the reported 289.87 MWp Rajasthan capacity and Vikram Solar’s recent stream of module-order announcements.

Conclusion

The reported 289.87 MWp Rajasthan order from NLC India adds a grid-scale project to Vikram Solar’s recent order activity. It follows disclosed module supply contracts of 187 MW in Karnataka and Tamil Nadu and 400 MW for decentralised projects in Maharashtra. Further company disclosures will be important for assessing the Rajasthan contract’s commercial terms and execution schedule.