Vikran Engineering secures ₹354 Crore EPC contract for 100 MW Solar Power Project
Vikran Engineering secured a ₹354 Crore EPC contract for a 100 MW solar power project in Maharashtra. This marks a strategic diversification into renewable energy, reinforcing its capabilities and contributing to clean energy goals.
The ₹354 Crore EPC contract is a large order, significantly boosting the company's order book and revenue visibility. Its entry and strengthening in the renewable energy sector also represent a high strategic impact, opening new avenues for growth.
The company has secured a significant order valued at ₹354 Crore, which is a substantial amount. This project also marks a strategic diversification into the growing renewable energy sector, which is positive for the company's future growth and market position.
* Vikran Engineering Limited (VEL) has been awarded a turnkey Engineering, Procurement, and Construction (EPC) contract valued at ₹354 Crore by Ellume Energy MH SolarOne Private Limited (SPV). * The contract is for the development of a 100 MW AC / 120 MW DC Solar Power Project in Maharashtra. * The scope of work encompasses comprehensive design, engineering, procurement, construction, installation, testing, and commissioning of the solar power plant. * All major components, including PV modules, inverters, and transformers, will be sourced from Tier-1 manufacturers in compliance with IEC and BIS standards. * Mr. Rakesh Markhedkar, Chairman and Managing Director, stated that this order reinforces Vikran Engineering's capabilities in delivering complex renewable energy projects and aligns with its strategy to expand its EPC footprint in clean energy. * This project represents a key milestone in the company's growth trajectory, diversifying its presence beyond power transmission, water, and rail infrastructure, and strengthening its position in India's solar EPC space. * The project is expected to significantly enhance clean energy capacity in Maharashtra and contribute to India's national renewable energy targets.
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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.