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

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CNBC TV18•24-12-2025, 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.
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