Vikran Engineering Ltd. has secured a turnkey engineering, procurement, and construction contract worth INR 35.18 billion from its subsidiary, NOPL Solar Projects, to develop a 969 MW AC solar power initiative across Maharashtra, scheduled for completion within 12 months.
Vikran Engineering Ltd. has secured a comprehensive turnkey engineering, procurement, and construction (EPC) contract valued at INR 35.18 billion for a major renewable energy rollout. According to official corporate disclosures, the company will oversee the design, engineering, supply, installation, and commissioning of a 969 MW AC solar power project distributed across various sites in Maharashtra. The project timeline mandates full execution within a 12-month period, covering all critical components including the procurement of solar PV modules and inverters. Vikran Engineering is an Indian infrastructure and EPC services firm specializing in power transmission, distribution, and renewable energy projects.
This development follows Vikran Engineering’s strategic acquisition of a 100 percent equity stake in the project developer, NOPL Solar Projects Pvt Ltd. By transitioning the EPC mandate to its wholly owned subsidiary, the parent company consolidates its operational control and streamlines the project delivery lifecycle. The initiative reflects the accelerating momentum in India's regional renewable energy sector, directly supporting state-level clean energy targets and scaling grid capacity in one of the country's primary industrial corridors.
For the broader market, this contract emphasizes the growing trend of backward integration among infrastructure firms to secure captive project pipelines. Independent power producers and engineering firms are increasingly leveraging internal subsidiaries to mitigate supply chain risks and optimize cost structures in large-scale solar rollouts. Investors and utility operators should view this as a benchmark for rapid capacity deployment, underscoring the high demand for integrated EPC capabilities in the competitive South Asian renewable energy landscape.
About GlobeNewsInfo
GlobeNewsInfo.com is a business news platform providing latest updates on global business developments, projects, and contract opportunities across diverse sectors and regions. The platform is designed to serve as a trusted source of information for companies, investors, and professionals worldwide.