Vikran Engineering Limited has secured a major solar energy contract after receiving a Notification of Award on December 24, 2025. The company officially disclosed the development to the BSE and NSE on December 25, 2025.
Project Overview
The order relates to a 400 MW AC solar power project located in Chitrakoot, Uttar Pradesh. The project has been awarded by NTPC Renewable Energy Limited, strengthening Vikran Engineering’s position in India’s growing renewable energy sector.
Key Details of the Contract
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Client: NTPC Renewable Energy Limited
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Project Capacity: 400 MW AC
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Project Location: Chitrakoot, Uttar Pradesh
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Contract Type: EPC on Balance of System (BOS) basis
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Order Value: ₹459.20 crore (excluding GST)
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Execution Timeline: 12 months
Scope of Work
The contract is being executed under the Engineering, Procurement, and Construction (EPC) model on a Balance of System (BOS) basis. Vikran Engineering’s responsibilities include:
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Inland transportation and insurance
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Installation of system components
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Testing and commissioning
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Performance and guarantee testing
The work is specifically related to the Chitrakoot-1 package of the solar project.
Regulatory Disclosure
The company announced compliance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR), 2015. Vikran Engineering clarified that neither its promoters nor group companies have any interest in NTPC Renewable Energy Limited, and the contract does not involve any related-party transaction.
What Is a Balance of System (BOS) Contract?
To understand a BOS contract, think of installing a home theater system. The main items are the TV and speakers, but everything else—wiring, mounts, power setup, installation, and testing—is what makes the system actually work. In solar projects, BOS covers all these supporting elements that ensure the plant operates efficiently and reliably.