Vikran Engineering Bags ₹2,035 Cr Solar Order After 17% Stock Dip

• Vikran Engineering Limited secured a ₹2,035.26 crore turnkey EPC order from Onix Renewables Limited.
• The order is for the development of a 600 MW AC solar power project across various locations in Maharashtra.
• Vikran Engineering will handle design, engineering, supply, installation, testing, and commissioning, including solar PV modules and inverters.
• The project is slated for completion within 12 months; total value with GST is approximately ₹2,216.4 crore.
• The company's stock fell 17.31% in the past month, closing at ₹86.65 on NSE before the announcement.

Why It Matters: Vikran Engineering's massive solar order could boost its stock after a recent 17% decline.