Vikran Engineering Shatters Records: Massive ₹1,641 Cr Contract & 339% Profit Surge Fuel Stock Rally!

Shares of Vikran Engineering Ltd. saw their most significant intraday gain since their September listing, surging up to 9.4% on Tuesday to ₹108.6 per share. This rally was driven by the company's robust quarterly financial results and the announcement of a substantial ₹1,641.91-crore Engineering, Procurement, and Commissioning (EPC) contract.

The civil construction firm reported a remarkable 339.42% year-on-year increase in net profit for the second quarter of FY25, reaching ₹9.14 crore from ₹2.08 crore in the same period last year. Revenue from operations also grew by 10.71%, totaling ₹176.29 crore.

Adding to the positive sentiment, Vikran Engineering secured a major EPC contract from Carbonminus Maharashtra One Private Ltd. for the development of 505 Megawatt (MW) grid-interactive solar photovoltaic (PV) power plants across Maharashtra. This project, valued at ₹1,641.91 crore plus applicable Goods and Services Tax (GST), is slated for completion within 11 months.

Impact: This news is highly positive for Vikran Engineering's stock, signalling strong operational performance and significant future revenue streams. It can boost investor sentiment towards the infrastructure and renewable energy sectors in India. Rating: 7/10.

Difficult Terms: * **EPC (Engineering, Procurement, and Commissioning)**: A type of contract where a company takes responsibility for all phases of a project, from design and engineering to purchasing materials and equipment, and finally to the installation and testing of the completed facility. * **GST (Goods and Services Tax)**: An indirect tax applicable on the supply of goods and services in India. * **MSEDCL LIS scheme**: A scheme by Maharashtra State Electricity Distribution Company Limited (MSEDCL) related to solar power projects. LIS likely refers to a specific program or policy framework within MSEDCL for solar energy adoption. * **Crystalline PV technology**: A type of solar photovoltaic technology that uses crystalline silicon to convert sunlight into electricity. It is the most common type of solar panel technology. * **Grid-interactive**: Refers to solar power systems that are connected to the main electricity grid, allowing excess power to be sent to the grid and drawing power from the grid when solar generation is insufficient. * **Ground-mounted solar photovoltaic (PV) power plants**: Solar power generation facilities installed on the ground, as opposed to rooftop installations.