Vikran Engineering Wins ₹459.20 Crore EPC Contract from NTPC Renewable Energy for 400 MW Solar Project in UP

Vikran Engineering Limited (VEL), one of India's emerging multisector EPC (Engineering, Procurement, and Construction) companies, today announced that it has received a Notification of Award (NOA) from NTPC Renewable Energy Limited for a ₹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 Limited'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.

Commenting on the development, Mr. Rakesh Markhedkar, Chairman and Managing Director, Vikran Engineering Limited, said: "Securing this order from NTPC Renewable Energy Limited 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."

The order represents a significant milestone in Vikran Engineering's diversification strategy and further strengthens its credentials in the solar EPC segment, alongside its established presence in power transmission & distribution, water infrastructure, and railway electrification.

The Chitrakoot-1 solar project is expected to contribute substantially to India's renewable energy capacity addition and supports the country's long-term sustainability and decarbonization objectives.

Shares of Vikran Engineering Limited was last trading in BSE at Rs. 96.50 as compared to the previous close of Rs. 86.75. The total number of shares traded during the day was 3295368 in over 13888 trades.

The stock hit an intraday high of Rs. 99.80 and intraday low of 95.15. The net turnover during the day was Rs. 320852319.00.

Source : Equity Bulls

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