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

Shares of Vikran Engineering rallied as much as 15% on Wednesday to hit an intraday high of Rs 99.80 on the BSE, after the company announced that it had secured a major Rs 2,035.26 crore EPC (Engineering, Procurement, and Construction) order from Onix Renewables Limited.

The order is for the development of 600 MW AC solar power projects across multiple locations in Maharashtra.

In a regulatory filing, the company stated that the project was awarded on December 23 and will be executed on a turnkey basis. The scope of the work includes complete end-to-end services, design, engineering, procurement, erection, testing, and commissioning, along with the supply of critical components like solar PV modules and inverters.

The entire project is scheduled to be completed within 12 months.

Commenting on the order win, Rakesh Markhedkar, Chairman and Managing Director of Vikran Engineering, said, “This order marks an important milestone for Vikran Engineering and reflects the strong momentum we are witnessing in our renewable energy EPC business. It is a clear vote of confidence in our engineering 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 sustained growth, as we continue to support India’s clean energy ambitions through reliable, timely, and sustainable infrastructure development.”

The company also noted that this win significantly boosts its renewable energy portfolio and aligns with its broader presence in power transmission and distribution, water infrastructure, and railway electrification. It reaffirmed its strategy of scaling participation in complex infrastructure projects while maintaining high execution standards.

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

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