Vikran Engineering approves Q2 results and secures ₹1641.91 Crore solar EPC order from Carbonminus Maharashtra
Vikran Engineering's board approved Q2 results and secured a significant ₹1641.91 Crore EPC order from Carbonminus Maharashtra for 505 MWAC solar power plants, to be completed in 11 months.
The order value of ₹1641.91 Crores is significant and is expected to have a high impact on the company's financials, order book, and future profitability.
The company has secured a substantial order worth ₹1641.91 Crores for a 505 MWAC solar project, which is a very positive development for future revenue and business growth.
* Vikran Engineering Limited's Board of Directors, at their meeting held on November 10, 2025, approved the un-audited financial results along with the Limited Review Report for the quarter and half year ended September 30, 2025. * The Board also accepted a Letter of Award (LOA) dated November 10, 2025, from Carbonminus Maharashtra One Private Limited (SPV). * The LOA is for the development of "505 MWAC Capacity Crystalline Ground Mounted Solar PV Technology Grid Interactive Solar PV Power Plants under MSEDCL LIS scheme at various districts in Maharashtra." * The broad consideration or size of this Engineering, Procurement, and Commissioning (EPC) contract is ₹1641.91 Crores plus applicable GST. * The scope of work includes Design, Engineering, Supply, Erection, Testing, and Commissioning of the solar power plants. * The order is to be executed within 11 months. * Carbonminus Maharashtra One Private Limited is a domestic entity, and the order does not fall under related party transactions.
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