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Vikran Engineering rallies sharply after bagging transformational solar order
Vikran Engineering shares jumped 14% after the company won a ₹2,035 crore solar EPC order, almost matching its market capitalisation and strengthening long-term growth visibility.
Strong buying interest lifted Vikran Engineering shares by as much as 14% after the company announced a large EPC order that is nearly equal to its current market capitalisation. The newly listed firm secured a ₹2,035.26 crore contract from Onix Renewables for developing a 600 MW AC solar power project. The order covers end to end turnkey work, including design, procurement, supply, installation, and commissioning across multiple locations in Maharashtra. Investors viewed the win as a significant boost to revenue visibility and execution scale.