Shares of Vikran Engineering Limited moved sharply higher, rallying more than 6%, after the company announced that it has secured a major solar power contract from NTPC Renewable Energy Limited. The development strengthens Vikran Engineering’s growing footprint in India’s rapidly expanding renewable energy infrastructure segment.
The company received the Notification of Award on December 24, 2025, for an EPC contract valued at ₹459.20 crore, excluding GST. The order relates to the development of a 400 MW AC grid-connected solar photovoltaic project at Chitrakoot-1 in Uttar Pradesh, a key solar-rich region in northern India.
Under the terms of the contract, Vikran Engineering will execute the project on a balance-of-system basis. The scope of work includes inland transportation, insurance, installation, testing and commissioning, as well as guarantee tests for the entire solar facility. The project has been awarded by a domestic entity and is scheduled to be completed within a period of 12 months.
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