Vikran Engineering’s shares jumped 15.4% on Wednesday, reaching ₹100 – their highest in two weeks – after the company announced a massive solar project order.
What the order is about
The firm said it won a work contract worth about ₹2,035 crore from Onix Renewables Limited, an SPV that will develop 600 MW of AC solar power plants in Maharashtra. The deal includes supplying solar panels and inverters and should be completed within a year.
Why the stock reacted
The order’s value is roughly 95% of Vikran Engineering’s market capitalisation of ₹2,233 crore at the close of trading. Such a large contract boosts the company’s order book and signals strong demand for its renewable‑energy services, which lifted investor confidence.
Company’s recent performance
Vikran Engineering listed in September 2025 at ₹97 per share. After a brief rally of about 10% in the first two months, the stock fell back into a selling zone in December. The latest surge still left the share down about 10% for the month, but slightly above the IPO price.
What this means for investors
- The order expands the company’s renewable‑energy portfolio beyond its existing work in power transmission, water infrastructure, and railway electrification.
- A 12‑month timeline gives the firm a clear revenue stream in the near term.
- Because the contract size is almost equal to the company’s market value, any delays or issues could affect the stock sharply.
Key quote
Rakesh Markhedkar, Chairman and Managing Director, said: “This order marks an important milestone for Vikran Engineering and reflects the strong momentum we are witnessing in our renewable energy EPC business. It is a clear vote of confidence in our engineering depth, project management capabilities, and ability to deliver large‑scale solar projects with speed and quality.”
Remember, this is perspective, not a prediction. Do your own research or consult a certified financial expert before making any investment decisions.