Vikran Engineering Secures Rs. 1642 Crore Solar Project in Maharashtra
Filing Summary
Vikran Engineering Ltd has received a Letter of Award from Carbonminus Maharashtra One Private Limited for a 505 MWAC solar project in Maharashtra, valued at Rs. 1642 Crores. The project involves engineering, procurement, and commissioning of ground-mounted solar PV power plants under the MSEDCL LIS scheme. The contract is to be executed within 11 months. This award does not involve any related party transactions, and the promoter group has no interest in the awarding entity.
Vikran Engineering Ltd has announced the receipt of a Letter of Award from Carbonminus Maharashtra One Private Limited for the development of a 505 MWAC solar project in Maharashtra. The project is valued at Rs. 1642 Crores and was accepted on 10th November 2025. The project will involve the engineering, procurement, and commissioning of crystalline ground-mounted solar PV technology grid interactive solar PV power plants under the MSEDCL LIS scheme.
The contract specifies that Vikran Engineering will undertake the design, engineering, supply, erection, testing, and commissioning of the solar power plants. The project is to be completed within a timeframe of 11 months. The contract is classified as an EPC (Engineering, Procurement, and Commissioning) works contract and is awarded by a domestic entity.
According to the filing, the contract does not involve any related party transactions, and there is no interest from the promoter or promoter group in the awarding entity. The financial consideration for this project is INR 1642 Crores, plus applicable GST.
Carbonminus Maharashtra One Private Limited is a special purpose vehicle focused on renewable energy projects. The entity is involved in the development and management of solar power projects, contributing to sustainable energy solutions in India.
Vikran Engineering Ltd is engaged in providing engineering and construction services, with a focus on infrastructure and energy projects. The company is committed to expanding its portfolio in the renewable energy sector, aligning with industry trends towards sustainable development.