Vikran Engineering Bags Rs 16.42 Billion LOA for Major Solar Power Project

Vikran Engineering Limited announced the receipt of a prestigious Letter of Award (LOA) valued at Rs 16.42 billion from Ellume Energy MH SolarOne Private Limited, a special purpose vehicle. The contract encompasses the design, engineering, procurement, construction, installation, testing, and commissioning of a 100 MW AC cumulative capacity grid-interactive solar PV power plant in Maharashtra.

This turnkey project involves stringent adherence to technical, safety, and performance standards, using Tier-1 manufacturer components such as PV modules, inverters, and transformers certified under IEC and BIS standards. Vikran Engineering’s involvement in this large-scale renewable energy project underscores its growing expertise in executing infrastructure projects critical to India's clean energy transition.

The contract is expected to enhance the company’s order book significantly and contribute positively to its revenue and market positioning in the sustainable energy sector.

Key Highlights

• Letter of Award worth Rs 16.42 billion (Rs 1,642 crore) secured.
• Project: 100 MW AC grid-interactive solar PV power plant in Maharashtra.
• Turnkey contract covering end-to-end engineering, procurement, and construction.
• Components sourced from Tier-1 manufacturers with international certifications.
• Strengthens Vikran’s position in renewable energy infrastructure.

Sources: Vikran Engineering Limited filings, ScanX Trade, Business Standard, Moneycontrol