Vikram Solar Signs 1 GW Domestic Cell Supply Pact with Avaada Electro
Under the agreement, Avaada Electro will supply half-cut N-Type G12R TOPCon cells for Vikram Solar's module manufacturing operations, with deliveries scheduled to begin in September 2026.
September 16, 2026. By Abha Rustagi
Under the agreement, Avaada Electro will supply half-cut N-Type G12R TOPCon cells for Vikram Solar's module manufacturing operations, with deliveries scheduled to begin in September 2026, the company said.
The agreement is valued at approximately INR 1,250 crore, according to disclosures filed by Vikram Solar with the stock exchanges.
Vikram Solar said the pact would strengthen its position in India's Domestic Content Requirement (DCR) segment and diversify its cell supply chain. The agreement also supports the company's backward integration strategy, which includes an upcoming 9 GW high-efficiency solar cell manufacturing facility scheduled to be commissioned in the fourth quarter of fiscal 2027.
Gyanesh Chaudhary, Chairman and Managing Director, Vikram Solar, said, "The next phase of India's solar growth will be won or lost on supply chain depth, not just manufacturing scale. This arrangement is another step in that direction- one that widens our supplier base, strengthens our hand on DCR, and gives us the confidence to commit to India's energy security with fewer variables outside our control.”
“Atmanirbhar Bharat won't be built by any single partnership; it'll be built by companies that keep making these choices, year after year,” added Chaudhary.
Vikram Solar said the agreement adds to supply arrangements it has entered into earlier this year and is intended to support consistency of supply and operational continuity as DCR requirements grow.
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