India’s renewable energy sector continues to attract large-scale investments as Vikran Engineering Limited (VEL) announced a landmark achievement with the receipt of a ₹2,035.26 crore EPC work order for solar power development in Maharashtra. The contract has been awarded by Onix Renewables Limited, a special purpose vehicle (SPV), and marks one of the largest solar EPC wins for the company to date.
The order, formally accepted on December 23, 2025, involves the turnkey execution of 600 MW (AC) solar power projects across multiple locations in Maharashtra. With this development, Vikran Engineering further strengthens its position as a fast-growing EPC player in India’s renewable energy landscape.
Comprehensive EPC Scope for Utility-Scale Solar Projects
Under the agreement, Vikran Engineering will be responsible for end-to-end project execution on a turnkey EPC basis. The scope includes design, detailed engineering, procurement, supply, erection, testing, and commissioning of the solar power plants. In addition to construction activities, the company will also supply critical equipment such as solar PV modules and inverters, ensuring seamless project integration and quality control.
The projects are scheduled to be completed within a 12-month timeframe, highlighting the company’s capability to deliver large-scale renewable energy infrastructure within aggressive timelines.
Industry experts view this timeline as particularly significant, given the scale of the project and the logistical complexities associated with multi-location solar installations.
A Major Boost to Vikran Engineering’s Order Book
Commenting on the development, Rakesh Markhedkar, Chairman and Managing Director of Vikran Engineering Limited, described the order as a milestone moment for the company.
“This order marks an important milestone for Vikran Engineering and reflects the strong momentum we are witnessing in our renewable energy EPC business. It is a clear vote of confidence in our engineering depth, project management capabilities, and ability to deliver large-scale solar projects with speed and quality,” he said.
He further added that the project meaningfully strengthens the company’s order book and positions Vikran Engineering for sustained long-term growth, as India accelerates its clean energy transition.
Strengthening Presence in India’s Solar EPC Market
The ₹2,035 crore solar order significantly enhances Vikran Engineering’s renewable energy portfolio, which already includes projects across power transmission and distribution, water infrastructure, and railway electrification. Over the past few years, the company has steadily expanded its focus on renewable energy, aligning its growth strategy with India’s national clean energy goals.
By securing this high-value solar EPC contract, Vikran Engineering demonstrates its readiness to participate in large, complex, utility-scale solar projects, an area witnessing intense competition from both domestic and global EPC players.
Maharashtra’s Growing Role in Solar Expansion
Maharashtra has emerged as one of India’s key renewable energy hubs, driven by supportive state policies, strong grid infrastructure, and increasing power demand from industrial and commercial consumers. The 600 MW solar capacity to be developed under this order will contribute meaningfully to the state’s clean energy targets while supporting grid decarbonisation.
The project is also expected to generate employment during the construction phase and boost local economic activity across project locations.
Supporting India’s Clean Energy Ambitions
India has set an ambitious target of achieving 500 GW of non-fossil fuel capacity by 2030, with solar energy playing a central role. Large EPC contracts such as this one highlight the growing confidence of developers and investors in India’s renewable ecosystem and the capabilities of domestic EPC companies.
Vikran Engineering’s latest win underscores the importance of execution reliability, engineering expertise, and supply chain strength in scaling renewable infrastructure at speed.
Strategic Focus on Sustainable Infrastructure Growth
Beyond renewable energy, Vikran Engineering continues to maintain a diversified infrastructure portfolio. However, the company has increasingly prioritised clean energy and sustainable infrastructure projects, positioning itself as a long-term partner in India’s energy transition.
With this order, the company not only expands its solar EPC footprint but also reinforces its reputation as a reliable execution partner capable of handling projects of national significance.
Outlook
As India’s solar capacity additions accelerate, EPC players with strong balance sheets, proven execution track records, and integrated capabilities are expected to benefit the most. Vikran Engineering’s ₹2,035 crore solar EPC order from Onix Renewables places the company firmly among the key participants driving India’s next phase of renewable growth.
The successful completion of this project could further open doors for additional large-scale renewable contracts, both within Maharashtra and across other solar-rich states in the country.
