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

Vikran Engineering Limited has secured a large solar engineering, procurement and construction contract from Onix Renewables Limited for a 600 MW (AC) project to be executed across locations in Maharashtra.  

The order marks a significant addition to the company’s renewable energy execution pipeline. 

Order Details and Project Scope 

The total value of the contract stands at ₹2,216.40 crore, including GST, while the base order value excluding taxes is ₹2,035.26 crore.  

The project involves end-to-end EPC responsibilities, covering design and engineering, procurement, supply, erection, installation, testing and commissioning. 

As part of the scope, Vikran Engineering will also supply critical equipment including solar photovoltaic modules and inverters. The entire project is scheduled to be completed within 12 months from the date of award. 

Strategic Significance 

The order has been awarded by a domestic entity and does not involve any related-party transaction or promoter group interest.  

With this win, Vikran Engineering further consolidates its position in large-scale, grid-connected solar infrastructure projects, particularly in Maharashtra, one of India’s key renewable energy markets. 

Read More: Bondada Engineering Share Price Surge Over 4% on Securing 810 MW Solar Project Order Worth ₹945 Crore! 

Vikran Engineering Share Price Performance  

As of December 24, 2025, at 9:30 AM, Vikran Engineering Limited share price is trading at ₹98.10 per share, reflecting a surge of 13.21% from the previous closing price.  

Conclusion 

The ₹2,216 crore solar EPC order strengthens Vikran Engineering’s renewable portfolio and underlines its growing role in executing high-capacity utility-scale solar projects within tight timelines. 

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