Deals10 Dec 2025, 11:13 am
Onix Solar Energy Receives Letter of Intent for Rs. 148.80 Crore Solar Module Supply Order
AI Summary
Onix Solar Energy Ltd. has received a Letter of Intent from M/s Vikran Engineering Limited for the supply of Non DCR Topcon 620 WP Solar Modules worth Rs. 148.80 Crores, excluding GST. The order consists of 193,550 modules and must be completed within 3 months of manufacturing clearance by Vikran. The promoter/promoter group entities are not interested in the said order, and the transaction does not fall under Related Party Transactions.
Key Highlights
- Onix Solar Energy receives Letter of Intent for Rs. 148.80 Crore solar module supply order
- Order consists of 193,550 Non DCR Topcon 620 WP Solar Modules
- The order must be completed within 3 months of manufacturing clearance by Vikran
- Promoter/promoter group entities are not interested in the said order
- The transaction does not fall under Related Party Transactions