Vikran Engineering Ltd Share Price – NSE /  BSE

Capital Goods - Electrical Equipment, Small Cap

Under the awards, Vikran Engineering will act as a Renewable Power Generator (RPG) for the implementation of the grid-connected solar photovoltaic (PV) based solar power plants. The projects will have a power purchase tenure of 25 years, with tariffs ranging between Rs 2.75 per kWh to Rs 2.80 per kWh, as specified in the LOAs

The projects will be developed under the Surya Mitra Krishi Feeders Scheme, with feeder solarisation as part of the PM KUSUM-C scheme, for sale of power to Madhya Pradesh Power Management Company (MPPMCL).

Vikran Engineering is a diversified EPC player. The company provides end-to-end turnkey solutions spanning conceptualization, design, supply, installation, testing, and commissioning, enabling it to capture the full value chain of project execution.

On a standalone basis, net profit of Vikran Engineering rose 339.42% to Rs 9.14 crore while net sales increased 10.71% to Rs 176.29 crore in Q2 September 2025 over Q2 September 2024.

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Under the awards, Vikran Engineering will act as a Renewable Power Generator (RPG) for the implementation of the solar power plants. The projects will have a power purchase tenure of 25 years, with tariffs ranging between Rs 2.75 per kWh to Rs 2.80 per kWh, as specified in the LOAs

The projects will be developed under the Surya Mitra Krishi Feeders Scheme, with feeder solarisation as part of the PM KUSUM-C scheme, for sale of power to Madhya Pradesh Power Management Company (MPPMCL).

Vikran Engineering is a diversified EPC player. The company provides end-to-end turnkey solutions spanning conceptualization, design, supply, installation, testing, and commissioning, enabling it to capture the full value chain of project execution.

On a standalone basis, net profit of Vikran Engineering rose 339.42% to Rs 9.14 crore while net sales increased 10.71% to Rs 176.29 crore in Q2 September 2025 over Q2 September 2024.

The counter rallied 4.40% to end at Rs 100.75 on Friday, 26 December 2025.

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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, ?Securing this order from NTPC Renewable Energy is a strong endorsement of Vikran Engineering?s EPC capabilities and execution track record in the renewable energy sector. This project aligns with our strategic focus on expanding our footprint in utility-scale solar infrastructure while contributing meaningfully to India?s clean energy transition.?

Vikran Engineering is a diversified EPC player. The company provides end-to-end turnkey solutions spanning conceptualization, design, supply, installation, testing, and commissioning, enabling it to capture the full value chain of project execution.

On a standalone basis, net profit of Vikran Engineering rose 339.42% to Rs 9.14 crore while net sales increased 10.71% to Rs 176.29 crore in Q2 September 2025 over Q2 September 2024.

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The company has secured a work order worth Rs 2,035.26 crore from Onix Renewables to set up 600 MW AC solar power projects across multiple locations in Maharashtra.

The order will be executed on a turnkey EPC basis. The scope of work includes design, engineering, procurement, supply, erection, testing and commissioning, along with the supply of solar PV modules and inverters. The project is expected to be completed within a 12-month timeline.

Chairman and managing director Rakesh Markhedkar said the order strengthens the company's renewable energy order book and reflects confidence in its execution capabilities. He added that the win positions Vikran Engineering for sustained growth while supporting India?s clean energy ambitions.

Vikran Engineering is a diversified EPC player. The company provides end-to-end turnkey solutions spanning conceptualization, design, supply, installation, testing, and commissioning, enabling it to capture the full value chain of project execution.

On a standalone basis, net profit of Vikran Engineering rose 339.42% to Rs 9.14 crore while net sales rose 10.71% to Rs 176.29 crore in Q2 September 2025 over Q2 September 2024.

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