Vikram Solar Ltd Share Price – NSE /  BSE

Capital Goods - Electrical Equipment, Small Cap

Sameer Nagpal holds Post Graduate Diploma in Business Management from IIM Calcutta, Mechanical Engineering from Delhi College of Engineering (now DTU) and is also affiliated with multiple professional networks and brings a wealth of cross-industry leadership experience.

He brings over three decades of leadership experience across diverse industries, along with a proven track record of driving transformation, accelerating growth, and delivering sustained value creation in key leadership roles at Livguard Energy Technologies, Dalmia Bharat Group, Shalimar Paints, Ingersoll Rand, Zicom and Carrier Air Conditioning.

Sameer succeeds Krishna Kumar Maskara, who served as Interim CEO and played an instrumental role in steering the company through a critical phase of growth, including the successful public listing in August 2025. Maskara will now take on the roles of chief operating officer (COO) and chief risk officer (CRO), where he will focus on operational excellence across manufacturing and delivery, while also providing independent oversight of the enterprise risk management framework.

The company has outlined an ambitious growth roadmap to become a fully integrated energy solutions provider, targeting 15.5 GW of module manufacturing capacity, along with 12 GW of cell manufacturing capacity through backward integration. In parallel, it is expanding into energy storage with plans for 5 GWh BESS module manufacturing and 7.5 GWh battery cell manufacturing, with further scalability in the future.

Sameer Nagpal, CEO, Vikram Solar, said: I am excited to join Vikram Solar at a time when the global energy landscape is undergoing a fundamental shift, creating opportunities for companies that can combine scale with agility and innovation. Vikram Solar has built a strong platform to participate meaningfully in this transition. As we move forward, our focus will be on strengthening our market position, expanding our global footprint, and enhancing our integrated capabilities to better serve evolving customer and market needs. I look forward to leading the organisation in its next phase of growth and contributing to a more sustainable energy future.

Meanwhile, the board also noted the resignation of Anil Bhadauria from the position of executive vice president & head of manufacturing operations with effect from 31 May 2026.

Vikram Solar is one of the leading Indian solar module manufacturers, specializing in efficient photovoltaic (PV) module manufacturing, with an international presence across 39 countries. The company is one of the largest PV module manufacturers in India with cumulative production capacity of 9.5 GW.

The company reported a 25.2% decline in consolidated net profit to Rs 96.1 crore on a 0.36% fall in revenue from operations to Rs 1,105.95 crore in Q3 FY26 over Q2 FY26.

The counter added 1.72% to close at Rs 192.45 on the BSE.

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PowerHive, the battery and energy storage arm of Vikram Solar, announced the launch of its flagship brand VION, marking the company's entry into distributed battery storage for electric mobility and residential energy backup.

VION is a next-generation lithium battery storage brand delivering reliable, high-performance solutions for everyday power needs. Built for the way energy is used in India, it prioritises safety, long service life, and consistent output across frequent cycling, variable loads, and demanding operating conditions. The initial portfolio includes five commercial battery products across three categories: inverter batteries, integrated inverter-battery solutions, and e-rickshaw batteries.

For homes, the portfolio includes 1.2 KWH to 15 KWH batteries designed for UPS and inverter systems, ensuring reliable power during outages. The batteries deliver over 3 hours, 6 hours, and 12 hours of backup, respectively, helping households stay powered for longer. The 5 KWH to 15 KWH packs can be used for running high power consuming appliances like AC during a power outage.

VION also introduces Integrated PowerStack 1.0, an all-in-one inverter and battery solution designed to make home power backup simpler and smarter. Available in a 1.2 KWH configuration, the system comes in wall-mounted and tabletop options, making it easy to fit into any home without taking up extra space.

The VION range also includes a 5 KWH E-Rickshaw battery, specifically designed for electric rickshaws. Built with advanced LiFePO?? prismatic cells and an AIS-156 compliant safety architecture, the battery is engineered to handle the demanding daily cycles of commercial three-wheelers and comes with a 36-month warranty.

The company has already secured a 100 MWH BESS order, demonstrating strong early market demand and meaningful progress toward winning long term, high capacity projects.

The launch aligns with Vikram Solar's strategy to expand into battery energy storage systems (BESS) and integrated clean energy solutions, as part of its broader roadmap to build 5 GWh BESS manufacturing capacity by FY27 and 7.5 GWh battery cell manufacturing capacity by FY29.

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Vikram Solar will hold a meeting of the Board of Directors of the Company on 11 March 2026.

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Vikram Solar has secured an order to supply 378.75 MW of high-efficiency modules for a major project tendered by NTPC Green Energy (INGEL), the renewable energy arm of NTPC.

The modules will be deployed near Nakhatrana in the Kutch district of Gujarat as part of the 600 MW solar project by Indian Oil NTPC Green Energy (INGEL), a joint venture between Indian Oil Corporation Limited and NTPC Green Energy, further reinforcing the company's presence in one of India's most strategically important renewable energy regions.

Under the scope of the order, the company will supply its advanced N-TOPCon modules, engineered to deliver enhanced performance, reliability, and energy yield in utility-scale installations. Delivery is expected to commence in FY26.

Gyanesh Chaudhary, Chairman & Managing Director, Vikram Solar, said: ?This order marks an important milestone for Vikram Solar as we commence our first engagement with INGEL on a large scale, strategically significant project in Gujarat. It reinforces our ability to deliver high-performance N-TOPCon technology for complex utility-scale deployments, backed by execution certainty and manufacturing strength. We see this as the beginning of a strong, long-term collaboration supporting India's accelerated clean energy transition.?

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