VIKRAN Engineering Ltd. has secured a major engineering, procurement, and construction (EPC) contract worth ₹3,517.98 crore for the development of a 969 MW AC solar power project across multiple locations in Maharashtra. The project will be executed through the company's wholly owned subsidiary, NOPL Solar Projects Pvt. Ltd., marking one of the largest solar EPC orders in the company's history.
The contract underscores India's continued push toward expanding renewable energy capacity as the country accelerates its transition to cleaner and more sustainable sources of power.
Large-Scale Turnkey Solar Development
Under the turnkey EPC agreement, VIKRAN Engineering will be responsible for delivering the project from concept to commissioning within a 12-month timeline.
The scope of work includes:
Design and engineering
Procurement and supply of equipment
Installation of solar photovoltaic (PV) modules and inverters
Civil and electrical construction
Testing and commissioning of the complete solar power plant
By managing the entire lifecycle of the project, the company aims to ensure efficient execution while maintaining quality and performance standards.
Acquisition of NOPL Expands Project Portfolio
The latest contract replaces an earlier ₹2,035 crore EPC order for a 600 MW solar project.
The expansion follows VIKRAN Engineering's acquisition of 100% ownership of NOPL Solar Projects Pvt. Ltd., enabling the company to execute the larger project directly for the developer through its wholly owned subsidiary.
The revised agreement significantly increases both the project value and installed generation capacity, reflecting the company's growing presence in India's renewable energy sector.
Boost for India's Clean Energy Ambitions
The 969 MW solar project aligns with India's broader strategy to increase renewable energy generation while reducing dependence on fossil fuels.
Utility-scale solar installations continue to play a central role in meeting the country's rising electricity demand, supporting decarbonization goals, and enhancing long-term energy security.
Projects of this scale also generate substantial opportunities across multiple industries, including engineering, construction, electrical equipment manufacturing, solar module production, logistics, and infrastructure development.
Renewable Energy Momentum Continues
India has emerged as one of the world's fastest-growing renewable energy markets, with large-scale investments flowing into solar, wind, energy storage, and grid modernization projects.
As government policies continue to encourage clean energy adoption and private sector participation, major EPC contracts such as this reinforce confidence in the country's renewable infrastructure pipeline.
With construction expected to be completed within a year, the Maharashtra project is poised to make a meaningful contribution to India's expanding solar capacity while supporting the nation's long-term sustainability and energy transition objectives.
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