Vikram Solar has inked a Rs 1,250 crore deal with Avaada Electro for 1 GW of ALMM-compliant TOPCon cells, starting September 2026.

Under the arrangement, Avaada Electro will supply N-Type G12R TOPCon solar cells that meet ALMM norms, the government’s list of approved solar equipment makers.

Deliveries are set to begin from September 2026. This move matters because solar cell makers in India have been facing shortages lately.

By locking in a large domestic supplier early, Vikram Solar protects its production line from running short and keeps its projects eligible for tenders that require locally made components.

Gyanesh Chaudhary, Chairman and Managing Director of Vikram Solar, said the next stage of growth in India’s solar industry will depend on how deep a company’s supply chain runs, not just how much it can manufacture.

He added that the deal gives the company more control over its own supply and fewer things to worry about outside its hands. The agreement also fits into a bigger plan.

Vikram Solar is building its own 9 GW solar cell factory, which is expected to start operating in the fourth quarter of FY27.

Until that plant is ready, tie-ups like this one with Avaada Electro help bridge the gap.

There is more context worth knowing here. In August, Vikram Solar reported its Q1 FY27 results, and profit came in much lower than the year before.

Consolidated net profit dropped 85% to Rs 20 crore, even though revenue for the quarter had actually gone up. Higher costs ate into the bottom line.

Separately, the company also completed a small international move recently, picking up Vikram Solar Australia for a cash payment of $0.05 million, covering 67,683 equity shares, as part of its push to grow its presence outside India.

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