Vikran Engineering's share price surged more than 20% in just three trading sessions, driven by fresh solar project wins.
New Solar Project Wins
The company announced several large orders in the renewable‑energy space:
- Letters of award to set up grid‑connected solar plants totaling 45.75 MW in Madhya Pradesh. Vikran will generate, implement, and operate these plants.
- Two additional solar projects in Maharashtra and Uttar Pradesh worth roughly ₹2,500 crore.
- Earlier, a ₹2,000 crore contract from Onix Renewables to develop 600 MW of solar capacity in Maharashtra on a turnkey EPC basis.
How the Stock Reacted
Following the announcements, the shares climbed:
- Up 9.54% to an intraday high of ₹110.36 on the NSE.
- More than 20% gain across three consecutive sessions.
- Overall increase of 13.6% since the stock debuted in September.
Future Outlook
Chairman and MD Rakesh Markhedkar said the firm sees near‑term order inflows of about ₹2,000 crore and expects its order book to reach ₹5,500–₹5,700 crore by the start of FY27.
The expanding pipeline suggests continued growth for Vikran Engineering in India's fast‑moving solar EPC market.
Remember, this is perspective, not a prediction. Do your own research and consider consulting a certified financial advisor before making any investment decisions.