Vikran Engineering Receives INR 3518 Crore Solar EPC Order

Core Announcement – Order Details

Awarding Entity: NOPL Solar Projects Private Limited

Domestic/International Order: Domestic

Nature of Order/Contract:

Designing, Engineering, Procurement, Supply, Erection, Testing and Commissioning on Turnkey EPC Basis (including Supply of Solar PV Modules and Inverters) for development of a 969 MW AC Solar Power Project at multiple locations in the State of Maharashtra.

Order Value:

INR 3517.98 Crores (Rupees Three Thousand Five Hundred Seventeen point Ninety Eight Crores Only), inclusive of GST.

Materiality Context:

Not Specified as "major" or "significant" but implied by size. The order represents a restructuring of previous contractual arrangements following an acquisition.

Execution Timeline:

12 months

Revenue Recognition / Billing Structure:

Not Specified

Key Terms & Payment Milestones:

Not Specified

Whether Related Party Transaction:

Yes. NOPL Solar Projects Private Limited is a Wholly-Owned Subsidiary of Vikran Engineering Limited. The Director and KMP are Directors in NOPL. The transaction is stated to be done at "arm's length" basis.

Promoter Group Involvement:

Not Specified

Financial Implication:

Not Specified