Vikran Engineering Ltd (VEL), a diversified EPC player, today announced that it has been awarded a turnkey EPC contract worth INR 354 crore by Ellume Energy MH SolarOne for a 100 MW AC (120 MW DC) solar power Project in Maharashtra.
Under the terms of the Letter of Award (LOA), Vikran Engineering will execute the project on a lump-sum turnkey basis, encompassing comprehensive design, engineering, procurement, construction, installation, testing, and commissioning of the solar power plant.
The scope also includes adherence to stringent technical standards, safety norms, and performance monitoring systems, with all major components such as PV modules, inverters, and transformers sourced from Tier-1 manufacturers in compliance with IEC and BIS standards.
Rakesh Markhedkar, Chairman and Managing Director, Vikran Engineering Ltd, said: “This order reinforces Vikran Engineering’s growing capabilities in delivering complex, large-scale renewable energy projects. It aligns perfectly with our strategy to expand our EPC footprint in clean energy and sustainable infrastructure.”
“The contract represents a key milestone in Vikran Engineering’s growth trajectory as it diversifies beyond its established presence in power transmission, water, and rail infrastructure. With this project, the company further strengthens its credentials in India’s solar EPC space, leveraging its engineering expertise, operational excellence, and asset-light execution model.”
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