Vikran Engineering cancels Rs 1,641.91 crore solar EPC order

Major Contract CancelledBusiness Updates View source PDF Explain this filing

VIKRAN · price

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Price reactionminutes from the announcement price · days from the prior close

-3.1%Reaction day

₹89.40

prior close

₹89.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-3.1% vs market

Civil Construction peers, median of 97sector+0.2%-3.3% vs sector

On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 3.3 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

+7.5-0.5+8.0-0.0+7.5

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15d

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Vikran Engineering has cancelled its Letter of Award worth about Rs 1,641.91 crore from Carbonminus Maharashtra One Private Limited. The order covered EPC of 505 MW solar PV plants in Maharashtra under the MSEDCL LIS scheme, accepted just six weeks ago on 10 November 2025. The company says the mutual exit follows an internal review based on its risk-return framework, execution bandwidth and capital allocation discipline, with no material adverse impact expected on operations, finances or growth outlook.

Likely market impact

Drops a large short-term revenue order that was only weeks old. Company downplays impact; watch for order book update and any replacement wins.