Vikran Engineering Ltd

Under the awards, Vikran Engineering will act as a Renewable Power Generator (RPG) for the implementation of the grid-connected solar photovoltaic (PV) based solar power plants. The projects will have a power purchase tenure of 25 years, with tariffs ranging between Rs 2.75 per kWh to Rs 2.80 per kWh, as specified in the LOAs The projects will be developed under the Surya Mitra Krishi Feeders Scheme, with feeder solarisation as part of the PM KUSUM-C scheme, for sale of power to Madhya Pradesh Power Management Company (MPPMCL). Vikran Engineering is a diversified EPC player. The company provides end-to-end turnkey solutions spanning conceptualization, design, supply, installation, testing, and commissioning, enabling it to capture the full value chain of project execution. On a standalone basis, net profit of Vikran Engineering rose 339.42% to Rs 9.14 crore while net sales increased 10.71% to Rs 176.29 crore in Q2 September 2025 over Q2 September 2024.Powered by Capital Market - Live

Under the awards, Vikran Engineering will act as a Renewable Power Generator (RPG) for the implementation of the solar power plants. The projects will have a power purchase tenure of 25 years, with tariffs ranging between Rs 2.75 per kWh to Rs 2.80 per kWh, as specified in the LOAs The projects will be developed under the Surya Mitra Krishi Feeders Scheme, with feeder solarisation as part of the PM KUSUM-C scheme, for sale of power to Madhya Pradesh Power Management Company (MPPMCL). Vikran Engineering is a diversified EPC player. The company provides end-to-end turnkey solutions spanning conceptualization, design, supply, installation, testing, and commissioning, enabling it to capture the full value chain of project execution. On a standalone basis, net profit of Vikran Engineering rose 339.42% to Rs 9.14 crore while net sales increased 10.71% to Rs 176.29 crore in Q2 September 2025 over Q2 September 2024. The counter rallied 4.40% to end at Rs 100.75 on Friday, 26 December 2025.Powered by Capital Market - Live

In an exchange filing, the company said it has received the award of contract for inland transportation, insurance, installation, testing and commissioning, along with guarantee tests, under the Balance of System (BoS) package for the development of a 400 MW grid-connected solar PV project in Chitrakoot. The total order is valued at Rs 459.20 crore and is to be executed within a period of 12 months. The company also clarified that neither its promoters nor members of the promoter group have any interest in the awarding authority. It added that the transaction does not fall under related-party transactions as per applicable regulatory norms. Rakesh Markhedkar, chairman and managing director, Vikran Engineering, said, 'Securing this order from NTPC Renewable Energy is a strong endorsement of Vikran Engineering's EPC capabilities and execution track record in the renewable energy sector. This project aligns with our strategic focus on expanding our footprint in utility-scale solar infrastructure while contributing meaningfully to India's clean energy transition.' Vikran Engineering is a diversified EPC player. The company provides end-to-end turnkey solutions spanning conceptualization, design, supply, installation, testing, and commissioning, enabling it to capture the full value chain of project execution. On a standalone basis, net profit of Vikran Engineering rose 339.42% to Rs 9.14 crore while net sales increased 10.71% to Rs 176.29 crore in Q2 September 2025 over Q2 September 2024. Powered by Capital Market - Live

 Vikran Engineering (VEL) announced that it has received a Notification of Award (NOA) from NTPC Renewable Energy for a Rs 459.20 crore EPC contract for a 400 MW AC grid-connected solar power project at Chitrakoot-1 in Uttar Pradesh. The contract involves execution of the Balance of System (BoS) package for the solar project and is to be completed within a 12-months period. The scope of work includes inland transportation, insurance, installation, testing, commissioning, and guarantee tests, ensuring full operational readiness of the project. Under the award, Vikran Engineering will deliver the project in line with NTPC Renewable Energy's stringent technical specifications, quality benchmarks, and safety standards, emphasizing the company's ability to execute large-scale, time-bound renewable energy projects for marquee public-sector clients.Powered by Capital Market - Live

The company has secured a work order worth Rs 2,035.26 crore from Onix Renewables to set up 600 MW AC solar power projects across multiple locations in Maharashtra. The order will be executed on a turnkey EPC basis. The scope of work includes design, engineering, procurement, supply, erection, testing and commissioning, along with the supply of solar PV modules and inverters. The project is expected to be completed within a 12-month timeline. Chairman and managing director Rakesh Markhedkar said the order strengthens the company's renewable energy order book and reflects confidence in its execution capabilities. He added that the win positions Vikran Engineering for sustained growth while supporting India's clean energy ambitions. Vikran Engineering is a diversified EPC player. The company provides end-to-end turnkey solutions spanning conceptualization, design, supply, installation, testing, and commissioning, enabling it to capture the full value chain of project execution. On a standalone basis, net profit of Vikran Engineering rose 339.42% to Rs 9.14 crore while net sales rose 10.71% to Rs 176.29 crore in Q2 September 2025 over Q2 September 2024. Powered by Capital Market - Live

Vikran Engineering announce Letter of Award(LOA) accepted on 10 November 2025 from Carbonminus Maharashtra One Private (SPV) of Rs. 1641.91 crore for development of '505 MWAC Capacity Crystalline Ground Mounted Solar PV Technology Grid Interactive Solar PV Power Plants under MSEDCL LIS scheme at various districts in Maharashtra' by Maharashtra State Electricity Distribution Company (MSEDCL).Powered by Capital Market - Live

Net profit of Vikran Engineering rose 339.42% to Rs 9.14 crore in the quarter ended September 2025 as against Rs 2.08 crore during the previous quarter ended September 2024. Sales rose 10.71% to Rs 176.29 crore in the quarter ended September 2025 as against Rs 159.24 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales176.29159.24 11 OPM %14.438.03 - PBDT10.383.82 172 PBT9.793.04 222 NP9.142.08 339 Powered by Capital Market - Live

Vikran Engineering will hold a meeting of the Board of Directors of the Company on 10 November 2025.Powered by Capital Market - Live

Vikran Engineering has been awarded a prestigious turnkey EPC contract worth Rs 354 crore by Ellume Energy MH SolarOne (SPV) for the 100 MW AC / 120 MW DC Solar Power Project in Maharashtra. Under the terms of the Letter of Award (LOA), Vikran Engineering will execute the project on a lump-sum turnkey basis, encompassing comprehensive design, engineering, procurement, construction, installation, testing, and commissioning of the solar power plant, ensuring it becomes fully operational for its intended purpose. The scope also includes adherence to stringent technical standards, safety norms, and performance monitoring systems, with all major components such as PV modules, inverters, and transformers sourced from Tier-1 manufacturers in compliance with IEC and BIS standards.Powered by Capital Market - Live

According to the company's exchange filing, the order is for the development of a 100 MW AC cumulative capacity grid-interactive solar PV power project in Maharashtra. The contract entails turnkey engineering, procurement, and construction (EPC) for the entire 100 MW AC solar power project. The total project size is Rs 354.21 crore and is scheduled to be executed within 12 months. The company clarified that neither its promoters nor any members of the promoter group have any interest in the awarding authority. It further confirmed that the transaction does not qualify as a related-party transaction under applicable regulations. Vikran Engineering provides end-to-end services from conceptualization, design, supply, installation, testing, and commissioning on a turnkey basis and has a presence across multiple sectors, including power, water, and railway infrastructure. On a year-on-year (YoY) basis, the company's standalone net profit and revenue from operations jumped 31.7% and 17% respectively in Q1 FY26. Powered by Capital Market - Live