Vikram Solar bags Rs 1750 cr for NTPC 300MW solar project

The project was secured by the company in a reverse bidding auction, and the solar plant will be spread across 1500 acres of land in Rajasthan.
Vikram Solar bags Rs 1750 cr for NTPC 300MW solar project

New Delhi,

Vikram Solar, one of India’s leading module manufacturers and a comprehensive EPC solutions & rooftop solar provider, has bagged a 300 MW solar plant project for Rs 1,750 crore from National Thermal Power Corporation Limited (NTPC) under CPSU-II scheme.

The project was secured by the company in a reverse bidding auction, and the solar plant will be spread across 1500 acres of land in Rajasthan. Tendered under the DCR category of the CPSU, the project is expected to take 18 months to be completed.

Saibaba Vutukuri, CEO, Vikram Solar said, “Vikram Solar is proud to have secured this order. The project is a motivation for our teams to continue focusing on delivering the best to our customers. NTPC has always focused towards supporting the green energy transition in India and we are proud to be a part of NTPC’s recent effort towards solar growth. I am certain that this 300 MW plant will see successful execution within agreed time frame and our partnership will continue to support India in providing ‘Power for All’.”

Venkat Muvvala, Head-EPC and O&M, Vikram Solar, said, “Vikram Solar has had a long standing business relation with NTPC. Previously, we have executed 50 MW solar plant project in Mandsaur, Madhya Pradesh and 130 MW solar project in Bhadla, Rajasthan for NTPC.It is projects like these which demonstrate the trust in Vikram Solar’s project management and execution skills.”

With proven track record of  handling large utility-scale projects (200 MW for APGENCO in Andhra Pradesh, 130 MW for NTPC at Bhadla-Rajasthan, 80 MW for GIPCL at Charanka- Gujaratand with on-going projects of 225 MW for NTPC at Bilhaur, UP)), Vikram Solar has established itself as a big league EPC player in the Solar Power Industry in the country.

In the distributed solar power market Vikram has been an established player with several  airport installations (Calicut, Kolkata, Kochi, Dibrugarh, Gaya, and Gondia). Vikram Solar is contributing to the growth of Indian solar revolution. The company has served clients like- NTPC, WBSDCL, GIPCL, BEL, BHEL, ISRO, IOCL, SBI, APGENCO, IMFA, Century Ply, KBL, etc.

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