Vikran Engineering has secured a major turnkey Engineering, Procurement, and Construction (EPC) contract. This monumental project underscores the company’s expanding footprint in the solar power landscape.
Key Project Details:
- Value: INR 3517.98 Crores (approx. USD 422 Million)
- Project Size: 969 MW AC Solar Power Project
- Scope: Designing, Engineering, Procurement, Supply, Erection, Testing, and Commissioning on Turnkey EPC Basis (including Solar PV Modules and Inverters)
- Location: Multiple locations in the State of Maharashtra
- Client: NOPL Solar Projects Private Limited (a wholly-owned subsidiary of Vikran Engineering)
- Execution Period: 12 months
This significant announcement comes with an important strategic context. The new order from NOPL replaces an earlier, smaller work order worth INR 2035.26 Crores from Onix Renewable Limited for a 600 MW project. This transition is purely an internal restructuring, following Vikran Engineering’s acquisition of a 100% equity stake in NOPL. The company has explicitly clarified that this change is “not expected to have any material adverse impact” and does not stem from any performance issues, disputes, or defaults.
By consolidating its efforts and expanding its project pipeline under a unified structure, Vikran Engineering aims to streamline project execution, enhancing efficiency and control over a larger, strategically important asset. This move reinforces Vikran’s ambition to be a leading player in India’s solar energy revolution, demonstrating strong operational capabilities and a clear vision for growth in the clean energy space.