Vikran Engineering Limited has secured a major solar power contract from NTPC Renewable Energy Limited, reinforcing its growing presence in India’s renewable energy infrastructure space. The company received the Notification of Award on December 24, 2025, for an EPC contract valued at ₹459.20 crore, excluding GST.
The order pertains to the development of a 400 MW AC grid-connected solar photovoltaic project at Chitrakoot-1 in Uttar Pradesh. Vikran Engineering will execute the project on a balance-of-system basis, which includes inland transportation, insurance, installation, testing and commissioning, along with guarantee tests for the entire facility.
The contract has been awarded by a domestic entity and is scheduled to be completed within a period of 12 months. As per the company’s disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, there is no promoter or promoter group interest involved in the awarding entity. The transaction also does not fall under related party transactions.
