Vikran Engineering, a recently listed construction firm, announced two huge solar projects that together total about ₹2,494 crore—more than its entire market value.
Big Order Wins in One Week
The company received two contracts that underline its push into the renewable‑energy space.
₹459.20 cr Contract from NTPC Renewable Energy
- Project: 400 MW AC grid‑connected solar plant at Chitrakoot‑1, Uttar Pradesh.
- Scope: Supply and install the Balance of System (BoS) package, handle transport, insurance, testing, commissioning and guarantee tests.
- Timeline: Complete within 12 months.
₹2,035.26 cr Order from Onix Renewables
- Project: 600 MW AC solar power projects across Maharashtra.
- Scope: Provide solar PV modules and inverters.
- Timeline: Also to be finished in 12 months.
Why These Deals Matter
Both contracts together exceed Vikran Engineering’s market capitalisation of roughly ₹2,486 crore, showing strong confidence from big renewable players. The orders expand the company’s presence in utility‑scale solar, complementing its existing work in power transmission, water infrastructure and railway electrification.
Impact on the Stock
The shares debuted at ₹97 in September 2025 and rose about 10 % over the next two months. After a dip in December, the stock has struggled, ending the month about 10 % lower. The new orders could provide fresh momentum, but investors should watch execution progress and any payment milestones.
Takeaway for Investors
These contracts signal a clear strategic shift toward renewable energy, a sector the Indian government is actively supporting. If Vikran can deliver on time and within budget, the earnings boost could translate into higher share prices. However, the company’s track record in large‑scale solar execution is still limited, so caution remains advisable.
Remember, this is perspective, not a prediction. Do your own research or consult a certified expert before making any investment decisions.