India’s renewable energy sector continues to grow rapidly as Mumbai-based Onix Solar secures a major ₹148.80 crore order from Vikran Engineering. This development highlights the increasing demand for solar power in India, especially with upcoming government solar policies 2026.
Onix Solar has received a Letter of Intent (LoI) from Vikran Engineering, an emerging EPC company in India, for the supply of advanced solar modules.
The project includes:
The total order value stands at ₹148.80 crore (excluding GST), aligning with current solar module price trends in India.
Module Type: Non-DCR Solar Modules
Technology: TOPCon Solar Technology India
Capacity: 620 Wp
Quantity: 193,550 units
Price: Under ₹13 per watt
This reflects the growing adoption of high-efficiency solar panels in India.
The company is expected to complete delivery within three months from the date of manufacturing clearance, ensuring fast execution in India’s solar EPC projects market.
This order comes at a crucial time when developers are rushing to complete projects using Non-DCR solar modules in India before the ALMM policy and DCR regulations 2026 take full effect.
Key benefits include:
The deal also reflects strong momentum in India’s clean energy transition and push toward net zero goals.