Vikran Engineering zooms as its arm enters into facility agreement with IREDA
Vikran Engineering is currently trading at Rs. 63.23, up by 7.57 points or 13.60% from its previous closing of Rs. 55.66 on the BSE.
The scrip opened at Rs. 60.06 and has touched a high and low of Rs. 64.03 and Rs. 58.47 respectively. So far 1218690 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. 51.11 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 64.03 and Rs. 55.17 respectively. The current market cap of the company is Rs. 1622.00 crore.
The promoters holding in the company stood at 56.27%, while Institutions and Non-Institutions held 7.01% and 36.72% respectively.
Vikran Engineering’s wholly-owned subsidiary -- NOPL Solar Projects (NOPL) has entered into a facility agreement with Indian Renewable Energy Development Agency (IREDA) for availing a rupee term loan facility aggregating up to Rs 2,941.19 crore.
The facility is intended to part finance the development of a 969 MWac / 1,163 MWp solar photovoltaic power project under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY) Scheme, comprising 152 locations across Maharashtra, at an estimated project cost of Rs 4,201.70 crore.
With the execution of the aforesaid Facility Agreement, the financing arrangements for the EPC contract awarded to Vikran Engineering by NOPL of Rs. 3517.98 Crore, for the development of the 969 MW solar power project have been finalised, marking a significant milestone towards the implementation and execution of the project.
