Renewable Momentum—Onix Solar Bags ₹1.49B Contract for Clean Energy Solutions

Onix Solar Energy Limited (BSE: 513119) has secured a Letter of Intent worth Rs 148.80 crore (excluding GST) from Vikran Engineering Limited for supplying 193,550 units of advanced Non DCR TOPCON 620 Wp Solar Modules. This domestic order underscores surging demand for high-efficiency solar tech amid India's renewable energy boom. (48 words)​

Order Details

Announced today under SEBI LODR Regulation 30, the deal involves design, manufacture, factory acceptance, and supply for Vikran Projects. Completion is targeted within three months from manufacturing clearance, highlighting Onix's execution speed in the competitive solar sector. Formerly ABC Gas International, Onix is pivoting aggressively into renewables.​

Key Highlights

• Order Value: Rs 148.80 crore (ex-GST) for 193,550 modules, signaling robust project scale.​

• Client: Vikran Engineering Limited (domestic entity); no promoter/promoter group interest or related party ties.​

• Timeline: Full delivery in 3 months post-clearance, aiding timely project rollout.​

• Tech Specs: Non DCR TOPCON 620 Wp modules, known for superior efficiency in utility-scale solar.​

Market Implications

This win positions Onix as a key player in India's solar supply chain, potentially lifting its revenue amid government incentives for green energy. Investors eye stock momentum on BSE.​

Sources: BSE Filing by Onix Solar Energy Limited (Ref: ABCG202526BSE009), 10 Dec 2025.