Onix Solar secured a Letter of Intent (LoI) from Vikran Engineering to supply non-DCR TOPCon 620 Wp solar modules. The company confirmed that the order value stands at ₹148.80 crore, excluding GST. Vikran Engineering is an emerging engineering, procurement, and construction (EPC) player with operations across multiple infrastructure sectors.
Order Pricing Aligns with Market Benchmarks
The contract pricing works out to under ₹13 per watt, which aligns with prevailing market rates for non-DCR solar modules. As a result, the order reflects competitive pricing while supporting project viability.
Scope Includes Design, Manufacturing, and Testing
Under the terms of the LoI, Onix Solar will handle the design, manufacturing, factory acceptance testing, and supply of the modules. Specifically, the company will deliver 1,93,550 non-DCR TOPCon 620 Wp solar modules for Vikran Engineering’s solar project. This comprehensive scope positions Onix Solar as a full-solution module supplier for large-scale installations.
Three-Month Supply Timeline Post Clearance
Following manufacturing clearance from Vikran Engineering, Onix Solar plans to complete supplies within three months. This timeline underscores the company’s execution capability and manufacturing readiness. As reported by pv-magazine-india.com, overall, the order strengthens Onix Solar’s footprint in high-efficiency TOPCon technology and reinforces its role as a reliable supplier for utility-scale and EPC-led solar projects.
