Shares of Vikran Engineering Ltd rallied 6% to touch a day’s high of Rs 103 on 26th December after the company received a contract worth Rs 459.20 crore from NTPC Renewable Energy Limited for a 400 MW AC grid-connected solar project in Chitrakoot, Uttar Pradesh. The company announced on 25th December.

In an exchange filing, Vikran Engineering said the contract involves engineering, procurement, and construction (EPC) work. It is for the Chitrakoot-1 solar project on a balance-of-system basis. The scope includes transportation, insurance, installation, testing, commissioning, and performance guarantee tests. The order is valued at Rs 459.20 crore, excluding GST, and is scheduled to be completed within 12 months.

The company also clarified that the order has been awarded to a domestic entity. It does not involve any promoter interest or related-party transactions.

This latest contract strengthens Vikran Engineering’s presence in the utility-scale solar space. Earlier this week, the company won a Rs 2,035 crore EPC order for a 600 MW solar project. This win highlights steady momentum in large renewable projects and growing engagements with public-sector players.

At 10:29 AM, shares of Vikran Engineering were trading 4.41% higher at Rs 100.64 on NSE.

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