Onix Solar Energy rises 5% after bagging LoI worth ₹148.80 CrOnix Solar Energy rises 5% after bagging LoI worth ₹148.80 Cr

Introduction

Leading renewable energy company received a ₹148.80 crore LoI from Vikran Engineering Limited for supply of 193,550 Non DCR Topcon 620 Wp solar modules to complete within three months.

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Share price movement of Onix Solar

On December 10, 2025, Onix Solar Energy Ltd opened at ₹261.50, up 4.98% from its previous close of ₹249.25. The stock reached a high of ₹261.70 (4.99%) and a low of ₹261.50. By 4:00 PM, it traded at ₹261.70, a 4.99% increase, with a market cap of ₹51.82 crore.

Onix Solar Bags ₹148.8 Cr Order

Onix Solar Energy Limited received a Letter of Intent from Vikran Engineering Limited for supply of 193,550 Non DCR Topcon 620 Wp solar modules. The order value is ₹148.80 crore excluding GST.

The order covers design, manufacture, factory acceptance and supply. The company stated that the entire order must be completed within three months of manufacturing clearance. The transaction is not a related party deal.

Stock performance of Onix Solar for Period of 1 week, 6 months, and 1 year

Onix Solar Energy Ltd delivered a -0.50% return over the past week, it declined by 20.2% in the past six months. The stock gained 113% over the past year.

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Shareholding pattern of Onix Solar

Particulars	Sep 2025	Jun 2025	Mar 2025
Promoter	0%	0%	0%
FII	0.00%	0.00%	0.00%
DII	0.00%	0.00%	0.00%
Public	100.00%	100.00%	100.00%

About Onix Solar

Onix Solar Energy Ltd (BSE: 513119), incorporated in 1980, provides renewable energy solutions. The company shifted from gas product manufacturing to the solar energy industry in May 2024 due to business nonperformance.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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