Waaree Energies | The biggest in the lot, Waaree Energies will see its one-and-a-half-year and beyond lock-in period end today, which will free up 4.5 crore shares or 16% of its outstanding equity. Based on Friday's closing price, these shares are worth ₹15,840 crore. The stock has nearly tripled from its issue price.
Market
C
CNBC TV1824-12-2025, 09:29

Vikran Engineering Shares Soar 14% on ₹2,035 Crore Solar Project Win

  • Vikran Engineering shares surged 14% on Wednesday following a significant order announcement.
  • The company secured a ₹2,035.26 crore order from Onix Renewables Limited for a 600 MW AC solar project.
  • The contract value is nearly equal to Vikran Engineering's current market capitalization of ₹2,500 crore.
  • The order involves turnkey EPC works, including design, supply, and commissioning of solar plants in Maharashtra, to be executed in 12 months.
  • Vikran Engineering clarified the contract is not a related-party transaction.

Why It Matters: Major solar project win boosts Vikran Engineering shares, order value rivals market cap.

More like this

Loading more articles...