This week, order wins crossed Rs 20,000 crore mark with Indian companies bagging EPC, EPCC and work orders across solar power, roads and infrastructure, power transmission and green hydrogen. Dilip Buildcon led the announcements with three project wins, while Larsen & Toubro (L&T) secured a major order. Vikran Engineering, Bondada Engineering, Ceigall India and KPI Green Energy were also in focus during the week.
Dilip Buildcon wins 2 projects worth exceeding Rs 5,000 crore
Dilip Buildcon secured two new projects worth a combined Rs 5,250 crore in Bihar and Karnataka on December 26. According to a regulatory filing, the company has won a Rs 3,400 crore contract from Adani Road Transport for the construction of the Ganga Path road project in Bihar. The project will be executed on a back-to-back EPC basis for the Bihar State Road Development Corporation. The 41.09 km road will connect Sultanganj, Bhagalpur and Sabour Road and has a construction period of 42 months.
The company has also secured a Rs 1,850 crore power transmission project in Karnataka after emerging as the successful bidder selected by REC Power Development and Consultancy Limited, acting on behalf of the Karnataka government. The project involves setting up a 400 kV sub-station at Mekhali in Belagavi district along with associated transmission lines.
As part of the award, Dilip Buildcon will acquire a 100% stake in the project SPV and act as the transmission service provider.
Dilip Buildcon: Rs 4,900 crore EPC order for 1,363 MW solar project
On Monday, December 22, Dilip Buildcon has also bagged an engineering, procurement and construction (EPC) contract worth Rs 4,900 crore from Madhya Pradesh Urja Vikas Nigam. The company had emerged as the lowest bidder for a 1,363 MW solar power project in Madhya Pradesh under the PM-KUSUM-C scheme.
Under the project, the company will develop grid-connected solar capacity, with power to be sold under long-term agreements, and the project is expected to be executed over the next 18 months, with this win also lifting the company’s share price.
The Dilip Buildcon share price closed in green for the week, up 5.08% at Rs 476.90 per share.
L&T wins Rs 5,000–10,000 crore BPCL petrochemical project
L&T secured an EPCC order from Bharat Petroleum Corporation (BPCL). The engineering, procurement, construction and commissioning order valued between Rs 5,000 crore and Rs 10,000 crore is for the construction of polyethylene units at the Bina refinery as part of BPCL’s refinery and petrochemical expansion project.
The L&T share price closed in green for the week, up 0.32% at Rs 4,045.10 per share.
Vikran Engineering bags Rs 2,035 crore solar order
Vikran Engineering secured turnkey EPC order worth Rs 2,035 crore from Onix Renewables. The order is for the development of 600 MW (AC) solar power projects across multiple locations in Maharashtra. The project covers end-to-end activities from design and engineering to procurement, supply, installation, testing and commissioning, including supply of solar PV modules and inverters. The projects are slated for completion within 12 months.
The Vikran Engineering share price closed in green for the week, up 18.74% at Rs 100.75 per share.
Bondada Engineering to build 300 MW solar project
Bondada Engineering has secured a Rs 391.38 crore engineering, procurement and construction (EPC) work order from NTPC Green Energy on December 26. The contract is to build a 300 MW solar power project in Lalitpur, Uttar Pradesh. The company said in its regulatory filing that it will handle the full project lifecycle — from design and site development to installation, testing and commissioning — with completion targeted within 15 months.
The Bondada Engineering share price closed in green for the week, up 2.73% at Rs 369 per share.
Ceigall India wins Rs 550 crore solar order
Ceigall India secured a work order from Madhya Pradesh Urja Vikas Nigam. The order worth Rs 550 crore is to evelop 130 MW of solar PV power projects under the PM-KUSUM-C scheme. Under the project it will handle the design, engineering, procurement, construction, testing and commissioning of grid-connected solar plants across two districts in the state.
The Ceigall India share price closed in green for the week, up 13.37% at Rs 259.85 per share.
KPI Green Energy bags Rs 128 crore green hydrogen order from NTPC
KPI Green Energy secured three work orders worth a combined Rs 128.49 crore from state-owned NTPC on December 24. The orderd is to develop a 1 tonne-per-day plasma gasification–based green hydrogen generation plant at NTPC’s NETRA facility in Greater Noida, Uttar Pradesh. the contract covers the full scope from design, engineering and equipment supply to installation, testing, commissioning and two years of operation and maintenance, and reflects the company’s strategic expansion into emerging clean energy technologies that also support waste-to-energy solutions by converting municipal and agricultural waste into synthesis gas for hydrogen production.
The KPI Green Energy share price closed in red for the week, down 1.63% at Rs 416.65 per share.
Taken together, the contracts announced during the week amount to over Rs 13,250 crore from 7 companies, excluding Larsen & Toubro’s large BPCL order, which takes the total deal value to Rs 18,250–23,250 crore when included. The continued stream of contract wins have strengthens order books for companies such as Dilip Buildcon, L&T, Vikran Engineering and others
