Archive · 26 Dec 2025
Engineering Firms Secure Major Solar Orders
Two engineering companies, Vikran Engineering and Bondada Engineering, have recently secured big orders to build solar power plants in Uttar Pradesh.
Vikran Engineering got a ₹459.20 crore order to build a 400 MW solar plant, while Bondada Engineering received a ₹391.38 crore order for a 300 MW plant.
Both companies are excited about these orders because they show that they are good at building solar power plants.
Vikran Engineering's order is part of a bigger week where they also got another large order.
Bondada Engineering has been doing well, with a lot of orders and growing profits.
However, even though they are getting big orders, their stock prices have been going down, which makes some investors worried.
Vikran Engineering secured a ₹459.20 crore EPC contract for a 400 MW AC solar power project in Chitrakoot-1, Uttar Pradesh.
Bondada Engineering received a ₹391.38 crore order for a 300 MW solar power project in Lalitpur, Uttar Pradesh.
Both projects include full-scope engineering, procurement, and construction services with completion times of 12 and 15 months respectively.
Vikran Engineering's combined order value of ₹2,494 crore exceeds its current market capitalization of ₹2,486 crore.
Bondada Engineering reported significant growth in order book and profits, with a ₹4,137 crore order book in FY25 and 300% YoY revenue growth in Q2 FY26.
- Who
- Vikran Engineering and Bondada Engineering
- What
- Secured major solar power project contracts
- When
- Orders announced in December 2025
- Where
- Uttar Pradesh, India
- Why
- To execute large-scale solar power projects for NTPC Green Energy
Positive Outlook
Market Concerns
Order Book Growth
Positive Outlook
Both companies highlight significant order book growth, indicating strong business prospects and execution capabilities.
Market Concerns
Despite large orders, market capitalization and stock performance reflect investor concerns about valuation and profitability.
- Vikran Engineering Order Value
- ₹459.20 crore
- Vikran Engineering Project Location
- Chitrakoot-1, Uttar Pradesh
- Vikran Engineering Project Capacity
- 400 MW AC
- Vikran Engineering Completion Time
- 12 months
- Vikran Engineering Market Capitalisation
- ₹2,486 crore
- Bondada Engineering Order Value
- ₹391.38 crore
- Bondada Engineering Project Location
- Lalitpur, Uttar Pradesh
- Bondada Engineering Project Capacity
- 300 MW
- Bondada Engineering Completion Time
- 15 months
- Bondada Engineering FY25 Order Book
- ₹4,137 crore
- Bondada Engineering FY25 Profit
- ₹115 crore
- Bondada Engineering Q2 FY26 Revenue
- ₹1,216 crore
- Bondada Engineering Q2 FY26 Profit
- ₹92 crore
- Bondada Engineering Stock Performance (6 months)
- -18.6%
- Bondada Engineering Stock Performance (1 year)
- -40%
Sources
Vikran Engineering share price to be in focus on Friday on securing ₹459 crore order from NTPC Renewable Energy
Vikran Engineering share price rallies another 7% to 3-week high on ₹459 crore order win
Bondada Engineering bags Rs 391 crore work order from NTPC Green Energy