Vikran Engineering Secures ₹2,035 Crore EPC Order for 600 MW Solar Projects in Maharashtra
Vikran Engineering Limited secured a ₹2,035.26 crore EPC order for 600 MW solar power projects in Maharashtra. The contract with Onix Renewables Limited covers end-to-end execution and is expected to be completed within 12 months. This win significantly boosts the company's renewable energy EPC portfolio.
The order value of ₹2,035.26 crore is substantial and will significantly impact the company's order book and revenue.
The company has secured a large order, which is a positive development for its business and future growth prospects.
Vikran Engineering Limited (VEL) has announced the award of a significant EPC contract worth ₹2,035.26 crore for the development of 600 MW AC solar power projects across multiple locations in Maharashtra. The contract was awarded by Onix Renewables Limited, a special purpose vehicle (SPV), and accepted on December 23, 2025.
The scope of work for this turnkey EPC project includes end-to-end activities such as design, engineering, procurement, supply, erection, testing, and commissioning. Key components like solar PV modules and inverters will also be supplied. The project is slated for completion within a 12-month timeline.
Rakesh Markhedkar, Chairman and Managing Director of Vikran Engineering Limited, stated that this order is a major milestone, reflecting the company's strong momentum in the renewable energy EPC business and showcasing its engineering depth, project management capabilities, and ability to deliver large-scale solar projects efficiently. He added that the win strengthens the company's order book and positions it for sustained growth in supporting India's clean energy ambitions.
This new order substantially enhances VEL's renewable energy portfolio, complementing its existing expertise in power transmission and distribution, water infrastructure, and railway electrification. The company emphasizes its strategic focus on participating in large, complex infrastructure projects while maintaining high standards of execution.
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Vikran Engineering Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Vikran Engineering Limited. Read the original for the full detail.