Vikran Engineering Shares Soar 15% on Rs 2,035-Cr Onix Renewables Order Win

• Vikran Engineering shares surged over 15% on December 24 after securing a Rs 2,035.26 crore order from Onix Renewables.
• The order is for a 600 MW AC turnkey EPC solar project across multiple locations in Maharashtra, to be completed within 12 months.
• The contract value is close to the company's entire market capitalization of Rs 2,235 crore, significantly strengthening its renewable energy business.
• Infomerics upgraded Vikran Engineering's credit rating for its long-term and short-term bank facilities.
• This order enhances the company's renewable energy portfolio and overall order book, positioning it for sustained growth.

Why It Matters: Vikran Engineering's massive solar EPC order and credit upgrade fuel significant stock rally.