Vikran Engineering soars on accepting LOAs for solar power projects
Vikran Engineering is currently trading at Rs. 104.10, up by 3.35 points or 3.33% from its previous closing of Rs. 100.75 on the BSE.
The scrip opened at Rs. 101.65 and has touched a high and low of Rs. 110.35 and Rs. 100.25 respectively. So far 1973484 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 118.40 on 20-Nov-2025 and a 52 week low of Rs. 84.50 on 18-Dec-2025.
Last one week high and low of the scrip stood at Rs. 110.35 and Rs. 86.50 respectively. The current market cap of the company is Rs. 2702.91 crore.
The promoters holding in the company stood at 56.17%, while Institutions and Non-Institutions held 18.08% and 25.75% respectively.
Vikran Engineering has accepted Letters of Awards (LOAs) from M.P. Urja Vikas Nigam for the implementation of grid-connected Solar PV based power plants with a total capacity of 45.75 MW AC in Vidisha district, Madhya Pradesh.
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 Limited (MPPMCL). 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 acceptance of these LOAs further strengthens Vikran Engineering’s growing presence in decentralised and utility-scale solar projects, particularly those aligned with national schemes aimed at agricultural feeder solarisation and renewable energy integration.
Vikran Engineering is an EPC Company offering a wide range of integrated end to end services including infrastructures project, power transmission and distribution, Extra High Voltage (EHV) substation and water infrastructure including design, supply, civil works, construction, testing and commissioning.
