Vikram Solar has received an order from Gujarat Industries Power Company Limited (GIPCL) to supply 326.625 megawatts of high-efficiency solar photovoltaic modules for the Khavda Renewable Energy Park in Gujarat. Scheduled for delivery in FY26, this order adds to VikramSolar’s growing portfolio, bringing its total module supply for renewable energy projects to approximately 577 megawatts.
The Khavda project is one of India’s major renewable energy developments, aimed at enhancing the country’s energy capacity through sustainable sources. Gyanesh Chaudhary, Chairman and Managing Director of Vikram Solar, noted that this agreement reflects a strong ongoing collaboration with GIPCL and supports broader efforts toward energy security and environmental responsibility.
Gujarat Industries Power Company Limited (GIPCL), established in 1985, is a prominent public sector enterprise in Gujarat, India. Headquartered in Vadodara, GIPCL was founded under the auspices of the Government of Gujarat and is promoted by key state-owned entities, including Gujarat Urja Vikas Nigam Ltd. (GUVNL), Gujarat State Fertilizers and Chemicals Ltd. (GSFC), and Gujarat Alkalies and Chemicals Ltd. (GACL).
GIPCL operates a diversified energy portfolio encompassing thermal, wind, and solar power generation. Its thermal assets include the Surat Lignite Power Plant (SLPP) with 500 MW capacity and two gas-based combined cycle plants at Vadodara totaling 310 MW. In the renewable sector, GIPCL has an installed capacity of 112.4 MW in wind energy and 262 MW in solar energy, with projects spread across Gujarat
The company is actively expanding its renewable energy footprint. It is developing a 2,375 MW hybrid renewable energy park at Khavda in Kutch district, with plans to set up 1,100 MW of solar capacity there. Additionally, GIPCL is pursuing green hydrogen initiatives and exploring opportunities in pumped storage and offshore wind projects . GIPCL is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), reflecting its significant role in India’s energy sector.
Vikram Solar Limited is one of India’s leading manufacturers of high-efficiency solar photovoltaic (PV) modules, with an international presence across 39 countries. Based in Kolkata, West Bengal, the company is one of the largest solar PV module manufacturers in India, with a cumulative production capacity of 4.5 GW. Vikram Solar is a top performer in PVEL’s PV Module Reliability scorecard and is listed as a Tier 1 solar PV module manufacturer by Bloomberg NEF as of the first three quarters of 2024.
