Synopsis: The company has received a letter of award worth Rs. 354.21 crores from Ellume Energy MH SolarOne Private Limited to construct a solar plant in Maharashtra.
The shares of one of India’s fast-growing EPC company with government agencies, public sector units, and private firms as clients have drawn market attention after winning a new order worth Rs.354.21 crore.
With a market capitalization of Rs.2,658.03 crore, the shares of Vikran Engineering Limited were trading at Rs.103, up by 4.14 percent from the previous day’s closing price of Rs.98.91.
New Order
Vikran Engineering Limited has received an EPC letter of award worth Rs. 354.21 crores from Ellume Energy MH SolarOne Private Limited to develop a 100 MW AC Cumulative capacity grid-interactive solar power plant in Maharashtra. The company is expected to complete all work within 12 months.
About the company & others
Vikran Engineering Limited is a fast-growing Indian EPC company. It specializes in design, engineering, and completing projects on time. The company works with government agencies, public sector units, and private firms, providing complete turnkey solutions from planning and design to supply, installation, and commissioning. It is active in sectors like power, water, and railway infrastructure.
The company’s revenue rose from Rs.136.06 crore in Q1FY25 to Rs.159.16 crore in Q1FY26, with net profit increasing from Rs.4.29 crore to Rs.5.65 crore over the same period. It recorded a return on equity of 20.5 percent and a return on capital employed of 27.2. The price-to-earnings ratio stands at 34.31, higher than the industry average of 21.99.
Written by: Jhanavi Sivakumar
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