Business Update27 Jun 2026, 10:30 am
Vikran Engineering Secures ₹3518 Cr Solar Project Order
AI Summary
Vikran Engineering Limited has received a significant work order from NOPL Solar Projects Private Limited (a wholly-owned subsidiary) for the development of a 969 MW AC Solar Power Project in Maharashtra. The project, valued at ₹3517.98 Crores inclusive of GST, will be executed on a turnkey EPC basis. This new order replaces a previous arrangement with Onix Renewable Limited, which has been mutually cancelled due to a restructuring of contractual arrangements following Vikran Engineering's acquisition of NOPL. The company anticipates no material adverse impact on its operations or financial position from this change.
Key Highlights
- Secured a major ₹3517.98 Cr EPC contract for a 969 MW solar project.
- NOPL Solar Projects, the client, is a wholly-owned subsidiary of Vikran Engineering.
- Previous contract with Onix Renewable Limited was cancelled and replaced.
- Restructuring follows company's acquisition of NOPL; no performance issues cited.
- No material adverse impact expected on company's financials or operations.
Price Impact
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