Vikran Engineering Limited (VEL) has received a Letter of Award from NTPC Renewable Energy Limited for an Engineering, Procurement, and Construction (EPC) contract valued at ₹459.20 crore. The contract relates to a 400 MW AC grid-connected solar power project located at Chitrakoot-1 in Uttar Pradesh.
Under the agreement, Vikran Engineering will execute the Balance of System (BoS) works for the project, with a scheduled completion timeline of 12 months. The scope includes inland logistics, insurance, installation, testing, commissioning, and performance guarantee testing to ensure the plant is fully operational.
The project will be delivered in accordance with NTPC Renewable Energy’s technical, quality, and safety requirements, highlighting Vikran Engineering’s capability to manage large-scale renewable energy projects within defined timelines for public-sector clients.
Mr. Rakesh Markhedkar, Chairman and Managing Director of Vikran Engineering Limited, said the order reflects strong confidence in the company’s execution capabilities and supports its focus on expanding its utility-scale solar portfolio. He added that the project aligns with the company’s contribution to India’s clean energy goals.
This contract strengthens Vikran Engineering’s presence in the solar EPC segment, complementing its established operations in power transmission and distribution, water infrastructure, and railway electrification. The Chitrakoot-1 project is expected to support India’s renewable capacity growth and long-term decarbonisation objectives.
Vikran Engineering has completed 45 projects across 14 states for clients including NTPC, Power Grid Corporation of India, state utilities, and public health departments. Vikran Engineering Limited is a diversified EPC organization with core expertise in Power T&D, Water Infrastructure, and Railway Electrification, along with expanding capabilities in Solar EPC and Smart Metering. The company delivers end-to-end turnkey solutions, spanning project conceptualization through commissioning.
To date, Vikran has completed 45 projects across 14 states, serving prominent clients such as NTPC, Power Grid Corporation of India, state utilities, and public sector agencies. Its asset-light operating model, strong in-house engineering capabilities, and a vendor ecosystem of over 3,500 suppliers enable efficient project execution and timely delivery.
