Vikran Engineering Wins ₹354 Cr EPC Deal for 100 MW Solar Project in Maharashtra

Vikran Engineering Limited (VEL), one of India’s emerging multi-sector EPC (Engineering, Procurement, and Construction) companies, today announced that it has been awarded a prestigious turnkey EPC contract worth ₹354 crore by Ellume Energy MH SolarOne Private Limited (SPV) for the 100 MW AC / 120 MW DC Solar Power Project in Maharashtra.

Under the terms of the Letter of Award (LOA), Vikran Engineering will execute the project on a lump-sum turnkey basis, encompassing comprehensive design, engineering, procurement, construction, installation, testing, and commissioning of the solar power plant, ensuring it becomes fully operational for its intended purpose.

The scope also includes adherence to stringent technical standards, safety norms, and performance monitoring systems, with all major components such as PV modules, inverters, and transformers sourced from Tier-1 manufacturers in compliance with IEC and BIS standards.

Commenting on the development, Rakesh Markhedkar, Chairman and Managing Director, Vikran Engineering Limited, said: “This order reinforces Vikran Engineering’s growing capabilities in delivering complex, large-scale renewable energy projects. It aligns perfectly with our strategy to expand our EPC footprint in clean energy and sustainable infrastructure. We are proud to contribute to India’s renewable energy goals while delivering world-class execution standards for our clients.”

The contract represents a key milestone in Vikran Engineering’s growth trajectory as it diversifies beyond its established presence in power transmission, water, and rail infrastructure. With this project, the company further strengthens its credentials in India’s solar EPC space, leveraging its engineering expertise, operational excellence, and asset-light execution model.

The project is expected to significantly enhance clean energy capacity in Maharashtra and contribute to India’s national renewable energy targets, underlining the company’s commitment to supporting sustainable and responsible infrastructure growth.