Vikran Engineering cancels Rs 354.21 cr solar EPC order from Ellume Energy
VIKRAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vikran Engineering has cancelled a Rs 354.21 crore turnkey EPC contract for a 100 MW solar power project in Maharashtra from Ellume Energy MH Solar One Private Limited. The order was originally accepted on 24 October 2025. The company says the client failed to provide the required Power Purchase Agreement, work commencement approvals, design clearances and mobilization permissions within expected timelines, making execution commercially unviable. The cancellation is by mutual understanding.
Large order lost but company says no material impact on financials or growth outlook. May weigh on near term sentiment on order pipeline.