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Onix Solar Energy bags LoI worth Rs 148.80 crore

10 Dec 2025 Evaluate

Onix Solar Energy has secured Letter of Intent (LoI) worth Rs 148.80 crore (excluding GST) from Vikran Engineering. The order is for design, manufacture, factory acceptance and supply of 193550 number of ‘Non DCR Topcon 620 Wp Solar Module’. The order is to be executed within 3 months from the ‘date of Manufacturing Clearance’ by Vikran.

Onix Solar Energy (previously known as ABC Gas (International)) is engaged in the manufacturing of solar panels, delivering high-quality and efficient products to support the renewable energy sector. It also undertakes the trading of and solar modules, ensuring a complete supply chain solution for solar energy products.

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