Vikran Engineering Secures ₹459.20 Crore EPC Contract from NTPC Renewable Energy
Vikran Engineering Limited secured a ₹459.20 crore EPC contract from NTPC Renewable Energy for a 400 MW solar power project in Uttar Pradesh. The project, involving the Balance of System package, is to be completed within 12 months. This award strengthens VEL's position in the renewable energy sector.
The contract value of ₹459.20 crore is substantial and represents a significant new order, directly impacting the company's revenue and order book.
The company has won a significant contract from a major public sector undertaking, which is positive for its business growth and market position.
Vikran Engineering Limited (VEL) has announced the receipt of a Notification of Award (NOA) from NTPC Renewable Energy Limited for a ₹459.20 crore EPC contract. This contract is for a 400 MW AC grid-connected solar power project located at Chitrakoot-1 in Uttar Pradesh.
The project's scope involves the execution of the Balance of System (BoS) package and is slated for completion within a 12-month period. The work includes inland transportation, insurance, installation, testing, commissioning, and guarantee tests, ensuring the project is fully operational.
Mr. Rakesh Markhedkar, Chairman and Managing Director of Vikran Engineering Limited, stated that securing this order is a strong endorsement of the company's EPC capabilities and execution track record in the renewable energy sector. He highlighted that the project aligns with their strategic focus on expanding in utility-scale solar infrastructure and contributes to India's clean energy transition.
This order signifies a major milestone in Vikran Engineering's diversification strategy, reinforcing its credentials in the solar EPC segment alongside its existing expertise in power transmission & distribution, water infrastructure, and railway electrification. The Chitrakoot-1 solar project is expected to significantly contribute to India's renewable energy capacity addition and support national decarbonization objectives.
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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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