Partnership · Climate, Energy & Sustainability

Vikram Solar signs solar cell supply pact with Avaada

By Startup Enthusiast · 12 September 2026

What they do

Vikram Solar manufactures solar modules and is expanding its internal capacity for high-efficiency solar cells

The company signed a 1 GW supply agreement with Avaada Electro for domestic N-Type TOPCon solar cells

This partnership supports Vikram Solar's backward integration strategy and helps meet domestic content requirements for solar projects

Vikram Solar agreed to buy 1 GW of domestic solar cells from Avaada Electro.
Avaada will provide half-cut N-Type G12R TOPCon units that meet ALMM regulatory rules.
The contract holds a total value of around ₹1,250 crore.
Product dispatches under the arrangement are slated to begin in September 2026.
In a separate deal, Vikram Solar bought out its Australian unit for $0.05 million in cash.

India's ALMM (Approved List of Models and Manufacturers) rules mandate local value addition for solar installations.
Domestic solar cell producers have faced recent shortages, pushing module builders to secure long-term component sources.
The purchase strengthens Vikram Solar's standing in projects reserved under DCR (Domestic Content Requirement) mandates.

Vikram Solar produces solar panels and is building an internal 9 GW high-efficiency cell manufacturing facility.
The company plans to commission this new cell manufacturing unit by Q4 FY27.
Avaada Electro operates an approved 610 MW cell production plant located in Nagpur.
Avaada is actively expanding its TOPCon cell capacity in Nagpur up to 6 GW.
Avaada Electro sells solar hardware across utility, commercial, industrial, and residential segments.

Vikram Solar plans to operationalise its 9 GW cell plant in Q4 FY27.
Avaada Electro aims to finish commissioning its 6 GW TOPCon manufacturing setup in Nagpur.