Vikran Engineering Secures INR 459 Crore Contract from NTPC Renewable
Filing Summary
Vikran Engineering Ltd has received a Notification of Award of Contract from NTPC Renewable Energy Limited valued at INR 459 Crores. The contract involves Engineering, Procurement, and Construction (EPC) on the balance of system for a 400 MW AC solar project in Chitrakoot, Uttar Pradesh. The contract specifies inland transportation, insurance, installation, testing, commissioning, and guarantee tests. The project is expected to be completed within 12 months. This contract does not involve any related party transactions, and the promoter group has no interest in NTPC Renewable Energy Limited.
Vikran Engineering Ltd has announced the receipt of a Notification of Award of Contract from NTPC Renewable Energy Limited. The contract, dated 24th December 2025, is valued at INR 459 Crores and pertains to the Engineering, Procurement, and Construction (EPC) of a 400 MW AC solar project on a balance of system basis at Chitrakoot-1 in Uttar Pradesh.
The contract includes inland transportation, insurance, installation, testing, commissioning, and guarantee tests for the solar project. The project is to be executed within a timeframe of 12 months. The contract is awarded by a domestic entity, NTPC Renewable Energy Limited, and does not involve any international parties.
The financial consideration for this contract is INR 459 Crores, excluding Goods and Services Tax (GST). There are no related party transactions involved in this contract, and the promoter or promoter group of Vikran Engineering Ltd does not have any interest in NTPC Renewable Energy Limited.
NTPC Renewable Energy Limited is a subsidiary of NTPC Limited, focusing on the development of renewable energy projects. The company is involved in various solar, wind, and hybrid energy projects across India, contributing to the country’s renewable energy capacity.
Vikran Engineering Ltd is engaged in providing engineering and construction services for infrastructure projects. The company focuses on expanding its portfolio in the renewable energy sector, aligning with the growing demand for sustainable energy solutions in India.