Vikran Engineering has received a letter of award from Ellume Energy MH SolarOne, valued at ₹3.54 billion (~$40.21 million), for the engineering, procurement, and construction (EPC) of a 100 MW grid-connected solar power project in Maharashtra.

The work must be completed within 12 months of receiving the letter of award.

In March last year, Ellume Solar received a letter of award from Maharashtra State Power Generation Company to develop a 100 MW grid-connected solar project in Aurangabad under the Mukhyamantri Saur Krishi Vahini Yojna (MSKVY).

The company won the bid with a tariff of ₹2.97 (~$0.034)/kWh on a public-private partnership model to supply power to agricultural feeders.

The tender, floated in August 2022, aimed to develop 600 MW across Nagpur, Amravati, Aurangabad, Konkan, Nashik, and Pune. Developers were required to secure land near 11 kV substations of Maharashtra State Electricity Distribution Company and ensure grid connectivity. Maharashtra Electricity Regulatory Commission (MERC) approved a tariff of ₹3.04 (~$0.035)/kWh, including a ₹0.07 ($0.0008) trading margin.

While another company’s bids for 100 MW were disqualified after refusing to match Ellume’s lower tariff, Ellume proposed adding 400 MW more at the same rate. However, MERC rejected this expansion to uphold the tender’s integrity, suggesting Ellume participate in the MSKVY 2.0 program instead.

Vikran Engineering is an EPC company providing end-to-end services from conceptualization, design, supply, installation, testing, and commissioning on a turnkey basis, and has a presence across multiple sectors, including power distribution, railways, and water works.

India added solar projects totaling 18 GW in the first half (1H) of 2025, a 31% year-over-year (YoY) increase from the same period last year, according to Mercom India Research’s Q2 2025 India Solar Market Update.

In the second quarter (Q2) of 2025, India added 11.3 GW of solar capacity, a 145.4% YoY increase from 4.6 GW and a 66.9% increase from Q1 2025.

Solar accounted for 64% of new power capacity additions in Q2 2025.

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