Vikran Engineering has secured a major renewable energy contract worth ₹2,035 crore for the development of solar power projects in Maharashtra, strengthening its presence in the clean energy segment.
According to a regulatory filing, the order has been awarded by Onix Renewables for the development of 600 MW (AC) solar projects across multiple locations in the state. The turnkey Engineering, Procurement, and Construction (EPC) contract was accepted by Vikran Engineering on December 23, 2025.
The scope of work includes end-to-end project execution, covering design and engineering, procurement, supply, installation, testing, and commissioning of the solar projects. The company will also supply critical components such as solar photovoltaic (PV) modules and inverters. The projects are expected to be completed within a 12-month timeframe.
Commenting on the development, Rakesh Markhedkar, Chairman and Managing Director of Vikran Engineering, said the order significantly strengthens the company’s order book and positions it for sustained long-term growth.
The company added that the new contract will enhance its renewable energy portfolio and further consolidate its footprint across key infrastructure segments, including power transmission and distribution, water infrastructure, and railway electrification.
Vikran Engineering Share Price Movement:
Following the announcement, Vikran Engineering shares surged over 11% intraday. However, the stock has declined by more than 9% over the past one month, reflecting broader market volatility despite strong order inflows.
Disclaimer:
This article is for informational purposes only and does not constitute investment advice.
