Vikran Engineering Share Price Surges on ₹459 Crore Solar EPC Order Win

Vikran Engineering share price continued its winning streak on Friday, December 26, climbing 7% to reach a three-week high of ₹103. The rally comes as the company secured back-to-back major order wins, keeping the stock in focus, even while broader market indices remained range-bound.

Market Performance

• Stock Performance: Vikran Engineering shares rose 7% to ₹103, marking a three-week high.
• Weekly Movement: The stock has surged 12% this week, snapping a five-week losing streak.
• IPO Comparison: Since listing in September 2025 at ₹97, the share has now moved approximately 6% above its issue price.

The momentum reflects investor attention on the company’s expanding order book and growing presence in renewable energy projects.

Major Order Win

On Thursday, Vikran Engineering announced it received a Notification of Award (NOA) from NTPC Renewable Energy Limited for a ₹459.20 crore EPC contract. Key details of the order:

• Project: 400 MW AC grid-connected solar power project at Chitrakoot-1, Uttar Pradesh.
• Scope of Work: Execution of the Balance of System (BoS) package, covering:
  • Inland transportation
  • Insurance
  • Installation and testing
  • Commissioning and guarantee tests
• Timeline: Project completion targeted within 12 months.

This order reinforces Vikran Engineering’s diversification strategy and strengthens its foothold in the solar EPC segment.

Company Details and Recent Projects

Earlier this week, Vikran Engineering also secured another significant order:

• Client: Onix Renewables Limited (SPV)
• Value: ₹2,035.26 crore
• Project: 600 MW AC solar power projects across multiple locations in Maharashtra
• Scope: Supply of key components including solar PV modules and inverters, with a 12-month project timeline

Combined with the NTPC Renewable Energy contract, total orders this week exceed ₹2,494 crore, surpassing the company’s market capitalization of ₹2,486 crore.

Vikran Engineering’s portfolio already spans power transmission and distribution, water infrastructure, and railway electrification, making the company a versatile player in infrastructure and renewable energy.

Summary

Vikran Engineering has quickly emerged as a market focus due to its consistent order wins in the renewable energy sector. The stock’s rise to a three-week high of ₹103 reflects confidence in the company’s execution capabilities and expanding project pipeline. With combined orders exceeding its market capitalization, Vikran Engineering is showcasing the impact of strategic diversification, particularly in solar EPC projects.

• Total Order Wins This Week: ₹2,494 crore
• Major Projects: Chitrakoot-1 (UP), multiple solar projects in Maharashtra
• Stock Movement: Up 7% today, 12% this week

Investors tracking Vikran Engineering share price have reasons to watch its growth trajectory closely as the company strengthens its position in renewable energy and infrastructure sectors.

Source: Livemint