Highlights

• Vikran Engineering awarded ₹354 Cr turnkey EPC contract for a 100 MW solar project.
• Project granted by Ellume Energy MH SolarOne Private Limited (SPV).
• The contract expands the company’s renewable and sustainable infrastructure portfolio.

Vikran Engineering Limited (BSE:544496, NSE:VIKRAN) announced the receipt of a turnkey Engineering, Procurement, and Construction contract valued at ₹354 Cr from Ellume Energy MH SolarOne Private Limited for the 100 MW AC / 120 MW DC Solar Project in Maharashtra.

The project award marks an important step in Vikran Engineering’s diversification efforts.

Project Scope and Execution

As per the Letter of Award, Vikran Engineering will undertake the project on a lump-sum turnkey basis, covering design, engineering, procurement, construction, installation, testing, and commissioning of the solar power plant.

The company will ensure the plant’s complete operational readiness while maintaining compliance with technical standards, safety regulations, and performance monitoring requirements. Core components including PV modules, inverters, and transformers will be procured from Tier-1 manufacturers adhering to IEC and BIS standards.

Management Comment

Mr. Rakesh Markhedkar, Chairman and Managing Director of Vikran Engineering Limited, commented:

“This order reinforces Vikran Engineering’s growing capabilities in delivering complex, large-scale renewable energy projects. It aligns perfectly with our strategy to expand our EPC footprint in clean energy and sustainable infrastructure. We are proud to contribute to India’s renewable energy goals while delivering world-class execution standards for our clients.”

Strategic Significance

This EPC contract represents an important milestone in Vikran Engineering’s broader expansion beyond its existing operations in power transmission, water infrastructure, and rail electrification. The company plans to utilize its engineering expertise, operational efficiency, and asset-light execution approach to further establish its presence in India’s solar EPC market.

Once completed, the 100 MW solar project will contribute to clean energy generation in Maharashtra and support India’s renewable energy capacity targets.

About Vikran Engineering Limited

Vikran Engineering Limited is a diversified EPC enterprise with operations across Power Transmission & Distribution, Water Infrastructure, and Railway Electrification, and emerging competencies in Solar EPC and Smart Metering.

Share Performance  

Vikran Engineering shares are currently trading at ₹102.96 per share and up by 4.08% from its previous close of ₹98.91.