Vikran Engineering Limited (VEL) has announced the award of a significant EPC contract worth ₹2,035.26 crore for the development of 600 MW AC solar power projects across multiple locations in Maharashtra. The contract was awarded by Onix Renewables Limited, a special purpose vehicle (SPV), and accepted on December 23, 2025. The scope of work for this turnkey EPC project includes end-to-end activities such as design, engineering, procurement, supply, erection, testing, and commissioning. Key components like solar PV modules and inverters will also be supplied. The project is slated for completion within a 12-month timeline. Rakesh Markhedkar, Chairman and Managing Director of Vikran Engineering Limited, stated that this order is a major milestone, reflecting the company's strong momentum in the renewable energy EPC business and showcasing its engineering depth, project management capabilities, and ability to deliver large-scale solar projects efficiently. He added that the win strengthens the company's order book and positions it for sustained growth in supporting India's clean energy ambitions. This new order substantially enhances VEL's renewable energy portfolio, complementing its existing expertise in power transmission and distribution, water infrastructure, and railway electrification. The company emphasizes its strategic focus on participating in large, complex infrastructure projects while maintaining high standards of execution.