Vikran Engineering Share Price Jumps Over 4% on Securing ₹459.20 Crore Order from NTPC Renewable Energy

Vikran Engineering Limited has been awarded an engineering, procurement and construction (EPC) contract valued at ₹459.20 crore by NTPC Renewable Energy Limited for a solar power project in Uttar Pradesh, the company said in an exchange filing dated December 25, 2025. 

Project Location and Capacity 

The order relates to a 400 MW AC grid-connected solar project at Chitrakoot-1 in Uttar Pradesh. The contract has been issued by NTPC Renewable Energy Limited, a public sector renewable energy company. The order value is exclusive of goods and services tax. 

Scope of Work Outlined 

Vikran Engineering will execute the project on a balance-of-system basis. The scope of work includes inland transportation, insurance, installation, testing, commissioning and guarantee testing. These activities cover the non-module components required to make the solar plant operational. 

According to the filing, the project is required to be completed within 12 months from the date of award. The company stated that the execution will be carried out as per the technical and safety standards specified by NTPC Renewable Energy Limited. 

Contract Classification  

The company clarified that the contract has been awarded by a domestic entity. It also confirmed that the transaction does not involve any related-party dealings or promoter interest.  

Read More: Vikran Engineering Share Price Surges Over 13% on Securing ₹2,216.40 Crore Solar EPC Contract! 

Vikran Engineering Share Price Performance  

As of 9:30 am on December 26, 2025, Vikran Engineering share price was trading at ₹100.94, a 4.72% increase from the previous closing price. 

Conclusion 

The ₹459.20 crore Chitrakoot-1 solar contract adds to Vikran Engineering’s existing order book and provides execution visibility over the next year, alongside other recently announced renewable energy projects. 

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