Mumbai, Dec. 26 -- In an exchange filing, the company said it has received the award of contract for inland transportation, insurance, installation, testing and commissioning, along with guarantee tests, under the Balance of System (BoS) package for the development of a 400 MW grid-connected solar PV project in Chitrakoot.

The total order is valued at Rs 459.20 crore and is to be executed within a period of 12 months.

The company also clarified that neither its promoters nor members of the promoter group have any interest in the awarding authority. It added that the transaction does not fall under related-party transactions as per applicable regulatory norms.

Rakesh Markhedkar, chairman and managing director, Vikran Engineering, said, ...