Vikran Engineering shares zoom 15% on Rs 2,035 crore solar EPC order gain

Vikran Engineering shares zoom 15% on Rs 2,035 crore solar EPC order gain

Shares of Vikran Engineering rose as much as 15% on Wednesday to hit an intraday high of Rs 99.80 on the BSE after the company announced that it has bagged a large EPC (Engineering, Procurement, and Construction) order of Rs 2,035.26 crore from Onix Renewables Limited.The contract involves the development of 600 MW AC solar energy projects at multiple locations in Maharashtra.

In an application to the regulator, the company stated that the project was awarded on December 23 and will be executed on a turnkey basis. The scope of work includes complete end-to-end services, design, engineering, procurement, assembly, testing and commissioning, along with the supply of critical components such as PV solar panels and inverters.

The entire project is expected to be completed within twelve months.

Commenting on the order win, Rakesh Markhedkar, Chairman and Managing Director, Vikran Engineering, said: “This order marks a significant milestone for Vikran Engineering and reflects the strong momentum we are seeing in our renewable energy EPC business. It is a clear vote of confidence in our technical depth, project management capabilities and ability to deliver large-scale solar projects with speed and quality. This win meaningfully strengthens our order book and positions us well for sustainable growth as we continue to drive India’s ambitions continue to support clean energy through reliable, timely and sustainable infrastructure development.”


The company also noted that this win significantly expands its renewable energy portfolio and aligns with its broader presence in energy transmission and distribution, water infrastructure and rail electrification. It reaffirmed its strategy to scale up participation in complex infrastructure projects while maintaining high implementation standards.

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Vikran Engineering is a diversified EPC company with established capabilities in power transmission and distribution, water infrastructure and rail electrification, along with growing strengths in solar EPC and smart meters.

(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of The Economic Times)

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