Vikran Engineering Limited has secured two significant Letters of Award (LoA) totaling Rs. 530.80 Crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for power distribution enhancement projects across Maharashtra. The contracts cover power distribution upgrade work in Nashik and Kolhapur zones, scheduled for completion within 21 months.

Contract Details and Scope

The two contracts are part of the Asian Development Bank-funded Power Distribution Enhancement Program, awarded through National Competitive Bidding process. The breakdown of the orders is as follows:

Project Specifications and Deliverables

Both contracts require execution on a turnkey basis, encompassing comprehensive end-to-end activities. The project scope includes:

• Site survey, planning, design, and engineering
• Manufacturing, testing, and supply of equipment
• Transportation, installation, and commissioning
• Complete documentation of all items and materials including civil works

Key deliverables under the contracts include:

Timeline and Execution

Each contract is scheduled for completion within a 21-month timeline from the date of the respective Letter of Award. This timeline encompasses all phases of the project from initial survey to final commissioning.

Management Commentary

Rakesh Markhedkar, Chairman and Managing Director of Vikran Engineering Limited, highlighted the significance of these awards. He emphasized that winning both the Nashik and Kolhapur Zone packages through competitive national bidding demonstrates the company's technical capabilities and consistent execution track record in large-scale power distribution infrastructure projects. He noted that these orders will meaningfully strengthen the company's order book and position it well for sustained growth while contributing to Maharashtra's power infrastructure development.

Company Profile

Vikran Engineering Limited operates as a diversified EPC player with expertise across Power Transmission & Distribution, Water Infrastructure, and Railway Electrification. The company also has emerging capabilities in Solar EPC and Smart Metering. Over the years, Vikran has successfully completed 45 projects across 14 states, working with marquee clients including NTPC, Power Grid Corporation of India, state utilities, and public health departments.

Vikran Engineering Limited has announced the relocation of its registered office within Thane, Maharashtra. The company's Board of Directors approved this corporate restructuring move through a Circular Resolution dated March 14, 2026, with the change taking effect immediately.

Office Relocation Details

The company has moved its registered office from its previous location to a new facility within the same industrial estate. The relocation maintains the company's presence in Thane's business district while providing enhanced operational capabilities.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vikran Engineering Limited has formally notified both major stock exchanges about this corporate development.

Corporate Governance

The relocation was executed through proper corporate governance procedures, with the Board of Directors providing necessary approvals via Circular Resolution. Company Secretary and Compliance Officer Kajal Rakholiya signed the official intimation, ensuring all regulatory requirements were met. The company has also updated this information on its official website at vikrangroup.com for stakeholder reference.

This registered office change represents a strategic move within Thane's Wagle Industrial Estate, maintaining the company's operational base while potentially enhancing its business infrastructure and accessibility.