Vikran Engineering Wins ₹354.21 Crore EPC Order for 100 MW Solar Project
Filing Summary
Vikran Engineering Limited received a Letter of Award worth ₹354.21 crore from Ellume Energy MH SolarOne Private Limited (SPV) for a 100 MW AC grid-interactive solar PV power project in Maharashtra. The contract is a turnkey EPC order covering engineering, procurement, and construction. The project will be executed within 12 months and has been awarded by a domestic entity. The order does not involve any related-party transaction, and the company’s promoters or group companies have no interest in the awarding SPV.
Vikran Engineering Limited has announced that it has received a Letter of Award (LOA) from Ellume Energy MH SolarOne Private Limited (SPV) for the development of a 100 MW AC grid-interactive solar PV power project in Maharashtra.
The total contract value for the project is ₹354.21 crore, and the project will be executed under a turnkey Engineering, Procurement, and Construction (EPC) model. The company made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read along with the SEBI Master Circular dated November 11, 2024.
As per the filing, the order has been awarded by a domestic entity and involves end-to-end project execution, including engineering, design, procurement, construction, and commissioning of the solar power project. The project will have a total installed capacity of 100 MW AC.
The execution period for the project is 12 months from the date of award. The work will include full EPC services to deliver a grid-connected solar PV system that contributes to renewable power generation capacity in the state of Maharashtra.
Vikran Engineering has confirmed that this order does not involve any related-party transactions, and neither the company’s promoters nor group companies have any interest in the awarding entity.
The company stated that the project has been awarded by Ellume Energy MH SolarOne Private Limited, a special purpose vehicle (SPV) engaged in renewable energy project development and ownership. The SPV is involved in setting up utility-scale solar projects as part of India’s expanding renewable energy infrastructure.
This project adds to Vikran Engineering’s portfolio of EPC contracts in the renewable energy sector, particularly in the solar domain, where it continues to execute grid-scale installations across multiple Indian states.
About Ellume Energy MH SolarOne Private Limited (SPV)
Ellume Energy MH SolarOne Private Limited is a special purpose vehicle (SPV) engaged in the development and ownership of renewable power projects in India. The SPV focuses on solar energy generation, operating under the regulatory framework of India’s renewable energy mission.
About Vikran Engineering Limited
Vikran Engineering Limited is an Indian engineering and infrastructure company providing services across power, renewable energy, and industrial projects. The company executes turnkey EPC contracts, covering design, engineering, procurement, and construction of large-scale industrial and energy projects. Vikran Engineering is involved in renewable power installations, transmission infrastructure, and heavy civil construction works for both private and government clients.