Vikran Engineering Wins Order from NOPL Solar Projects Pvt Ltd.

Vikran Engineering Limited has accepted a work order dated June 26, 2026 from NOPL Solar Projects Private Limited for the development of a 969 MW AC solar power project across multiple locations in Maharashtra on a turnkey Engineering, Procurement and Construction (EPC) basis.

The scope of work includes design, engineering, procurement, supply, erection, testing, and commissioning of the project, including the supply of solar PV modules and inverters. The total contract value stands at ₹3,517.98 crore, inclusive of GST.

The company noted that the project execution structure has been realigned following its acquisition of a 100% equity stake in NOPL. As a result, EPC execution will now be carried out directly under the work order issued by NOPL, replacing the earlier arrangement with Onix Renewable Limited.

Vikran Engineering had previously accepted a work order from Onix Renewable Limited on December 23, 2025, for a 600 MW EPC project valued at ₹2,035.26 crore. Of this, work worth around ₹388.67 crore had already been executed, while the remaining order value of approximately ₹1,893.26 crore has been mutually cancelled in line with the revised contractual structure.

The company clarified that the restructuring is purely administrative in nature, arising from the acquisition of NOPL, and is not linked to any dispute, default, or performance issues.

Vikran Engineering said the revised arrangement is not expected to have any material adverse impact on its operations, financial position, or business outlook, as it continues execution of the EPC works under the new direct contract with NOPL Solar Projects.