Vikran Engineering's shares jumped about 7% on Friday, reaching a three‑week high after the company announced two large solar contracts.
Two big solar orders
On Thursday the firm received a notification from NTPC Renewable Energy for a ₹459.20 cr EPC contract to build a 400 MW solar power plant in Uttar Pradesh. The deal covers the balance‑of‑system work, including transport, installation, testing and commissioning, and must be finished within 12 months.
Earlier in the week, Vikran secured a second order from Onix Renewables for ₹2,035.26 cr to supply solar modules and inverters for 600 MW of solar projects in Maharashtra. This contract also has a 12‑month timeline.
Together, the two contracts total roughly ₹2,494 cr**, which is slightly more than the company’s market value of about ₹2,486 cr.
Impact on the share price
The news sent the stock up another 7% to around ₹103 per share, its highest level in three weeks and about 6% above the IPO price of ₹97. The rally has lifted the stock about 12% for the week, breaking a five‑week losing streak.
Why it matters
- Strong order wins highlight Vikran’s growing role in the solar EPC market.
- The contracts add to its existing work in power transmission, water infrastructure and railway electrification.
- Higher demand may improve the company’s revenue outlook and give investors more confidence.
Company snapshot
Vikran Engineering listed in September 2025 at an IPO price of ₹97 per share. It is known for engineering, procurement and construction services across power, water and rail sectors, and is now expanding its solar business.
Disclaimer
Remember, this is just an overview, not a prediction. Always do your own research or talk to a qualified advisor before making any investment decisions.