Vikran Engineering Secures INR 2035 Crore Solar Project Order

Vikran Engineering Ltd has announced the acceptance of a work order from Onix Renewables Limited on 23rd December 2025. The order is valued at INR 2035 Crores and pertains to the development of a 600 MW AC solar plant at multiple locations in the state of Maharashtra.

The project will be executed on a turnkey Engineering, Procurement, and Construction (EPC) basis. The scope of work includes design, engineering, procurement, supply, erection, testing, and commissioning. The contract also covers the supply of solar PV modules and inverters. The project is scheduled to be completed within a 12-month timeframe.

The order was awarded by a domestic entity, Onix Renewables Limited, and does not involve any related party transactions. The total consideration for the project is INR 2035 Crores, excluding GST. Including all taxes and applicable GST, the amount totals INR 2216 Crores.

Onix Renewables Limited is a special purpose vehicle focused on renewable energy projects. The company is involved in the development and management of solar energy projects, contributing to the expansion of renewable energy infrastructure.

Vikran Engineering Ltd specializes in providing comprehensive engineering solutions. The company focuses on infrastructure development, including renewable energy projects, and aims to deliver efficient and sustainable engineering services. Vikran Engineering continues to expand its portfolio in the renewable energy sector through strategic project acquisitions.