Latest news about Vikran Engineering
Vikran Engineering Aims for ₹7500 Crore Revenue by FY31, Plans to Focus on Data Centers
Vikran Engineering
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Company Performance:
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More news about Vikran Engineering
01Jul 26
Vikran Engineering's New Project Expected to Add Approximately ₹550 Crore in Revenue
Vikran Engineering has announced a new project expected to add approximately ₹550 crore in revenue. This development signals a significant expansion in the company's business operations and revenue potential. The announcement reflects the company's continued efforts to grow its project portfolio and strengthen its financial standing.
29Jun 26
Vikran Engineering wins ₹3517.98 Cr order from NOPL Solar for 969 MW solar plant
Vikran Engineering Limited has accepted a work order worth ₹3517.98 Crores from its subsidiary NOPL Solar Projects Private Limited for a 969 MW AC solar power project in Maharashtra. The 12-month EPC contract replaces a previous ₹2035.26 Crores agreement with Onix Renewable Limited, which was cancelled following Vikran Engineering's acquisition of NOPL. The company confirmed the transaction is a related party deal conducted at arm's length and expects no material adverse impact on its business.
29Jun 26
Vikran Engineering cancels ₹354.21 Cr solar order due to client delays
Vikran Engineering Limited cancelled a work order valued at approximately ₹354.21 crore from Ellume Energy MH Solar One Private Limited (SPV) due to prolonged delays at the client's end. The company determined that the project could not proceed commercially as the client failed to achieve necessary readiness milestones within expected timelines.
24Jun 26
Vikran Engineering to meet Sahasrar Capital on June 30
Vikran Engineering Limited has scheduled a one-on-one meeting with Sahasrar Capital on June 30, 2026. The in-person interaction will focus on generally available information and will not involve the disclosure of Unpublished Price Sensitive Information (UPSI). The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
24Jun 26
Vikran Engineering cancels analyst meet with Mahindra Manulife Mutual Fund on June 23
Vikran Engineering Limited cancelled its scheduled one-on-one meeting with Mahindra Manulife Mutual Fund on June 23, 2026, due to the unavailability of the investor. The interaction was initially planned as an in-person session to discuss generally available information, excluding any Unpublished Price Sensitive Information (UPSI). The cancellation was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
17Jun 26
Vikran Engineering management to meet Samco Mutual Fund
Vikran Engineering Limited is scheduled to meet Samco Mutual Fund on June 19, 2026, in a one-on-one in-person meeting to discuss business performance and strategy. The interaction will rely on publicly available information and adheres to SEBI regulations. The company reserves the right to modify the schedule if necessary.
16Jun 26
Vikran Engineering to host virtual investor meet on June 18
Vikran Engineering Limited has scheduled a virtual group meeting with analysts and investors for June 18, 2026. The company confirmed that discussions will be based on generally available information and will not involve Unpublished Price Sensitive Information (UPSI). The event is subject to change due to exigencies.
10Jun 26
Vikran Engineering allots ₹20 crore NCDs at 11% coupon
Vikran Engineering Limited allotted 40 secured, unlisted, redeemable non-convertible debentures aggregating ₹20 crore on a private placement basis. The NCDs carry a fixed coupon rate of 11% per annum with monthly interest payments and a maturity date of June 8, 2028. The debentures are secured by a subservient charge over current assets and will be redeemed at par through internal accruals.
04Jun 26
Vikran Engineering to hold investor meet on June 8
Vikran Engineering Limited has scheduled an investor and analyst meeting in Mumbai on June 8, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The management will engage in one-on-one and group meetings to discuss generally available information regarding operations and performance, excluding any Unpublished Price Sensitive Information (UPSI).
02Jun 26
Vikran Engineering FY26 PAT rises 17.8% to ₹91.7 crore
Vikran Engineering reported a 17.8% rise in FY26 PAT to ₹91.7 crore, with revenue growing 36.4% to ₹1,249.3 crore. The Board recommended a dividend of ₹0.18 per share and approved raising funds up to ₹400 crore.
01Jun 26
Vikran Engineering reports Q4FY26 revenue of INR647 crores
Vikran Engineering Limited announced record financial results for FY26 with revenue rising to INR1,249 crores from INR916 crores in the previous year. Q4FY26 revenue surged to INR647 crores, with PAT increasing to INR56 crores. The company strengthened its renewable energy portfolio through the strategic acquisition of NOPL Solar Private Limited, adding 969 MW of solar assets. The total order book stands at INR5,700 crores, and management has guided for revenue between INR2,200 crores and INR2,500 crores in FY27.
23May 26
Vikran Engineering Senior Manager Resigns Effective June 20
Vikran Engineering Limited disclosed the resignation of Mr. Mukhesh Nandan Jha, Senior General Manager-Procurement, effective June 20, 2026. The resignation, submitted on May 22, 2026, was made to pursue better professional growth opportunities outside the organization.
22May 26
Vikran Engineering acquires 51% stake in NOPL Solar for ₹5.10 crore
Vikran Engineering Limited has acquired a 51% stake in NOPL Solar Projects Private Limited for ₹5.10 crore, increasing its total holding to 100%. The transaction, completed on May 20, 2026, involved the purchase of 5,100 equity shares at ₹10,000 per share. This acquisition aligns with the company's strategy to expand in the renewable energy sector, specifically targeting a 969 MW solar power project in Maharashtra.
06May 26
Vikran Engineering Commissions Second 5 MW Solar Plant in Maharashtra Under PM-KUSUM
Vikran Engineering Limited has commissioned its second 5 MW solar power plant in Ambijalgaon, Ahilyanagar district, Maharashtra under the PM-KUSUM scheme, generating 10,000 MWh of clean energy annually and avoiding 8,200 tonnes of CO2 per year. The plant supports agricultural irrigation and reflects progress under the company's 600 MW solar contract. With 2 plants now operational and 145 MW under active construction, Vikran continues to scale its renewable energy footprint across India.
06May 26
Vikran Engineering Incorporates Wholly Owned Subsidiary Vikran Renewable Private Limited for Renewable Energy Business
Vikran Engineering Limited incorporated Vikran Renewable Private Limited as a wholly owned subsidiary on 4th May 2026 to pursue integrated renewable energy projects, including solar power generation, EPC activities, and infrastructure development. The subsidiary was set up with an Authorised Capital of ₹15,00,000 and a Paid-up Capital of ₹1,00,000, with the parent acquiring 100% equity at a cost of Rs. 1,00,000 through a cash transaction. The Promoter and Promoter Group members are also Directors in VRPL, and the transaction has been executed at arm's length. The development was disclosed to stock exchanges on 5th May 2026 under Regulation 30 of the SEBI (LODR) Regulations, 2015.
06May 26
Vikran Engineering Incorporates VIKRAN For Good Foundation as Wholly Owned Section 8 Subsidiary for CSR Activities
Vikran Engineering Limited incorporated VIKRAN For Good Foundation as a wholly owned Section 8 subsidiary on 4th May 2026, with an Authorised Capital of ₹5,00,000 and Paid-up Capital of ₹1,00,000. The company acquired 100% shareholding in cash at ₹1,00,000, comprising 10,000 equity shares of ₹10 each. The foundation is established to pursue charitable activities including social welfare, education, healthcare, environmental sustainability, and community development aligned with the company's CSR objectives. The disclosure was made to stock exchanges on 5th May 2026 in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.
01May 26
Vikran Engineering Limited Completes ₹50 Crore Non-Convertible Debenture Allotment
Vikran Engineering Limited successfully completed the allotment of ₹50 crore secured, rated, unlisted, redeemable non-convertible debentures on 29th April 2026. The NCDs were issued in two tranches (₹20 crores and ₹30 crores) with 11% fixed coupon rate, monthly interest payments, and maturity in April 2028, following proper regulatory compliance under SEBI regulations.
28Apr 26
Vikran Engineering Acquires 49% Stake in NOPL Solar Projects for ₹4.9 Crore
Vikran Engineering Limited announced execution of Share Purchase Agreement to acquire 49% equity stake in NOPL Solar Projects Private Limited for ₹4.9 crore, marking strategic expansion into renewable energy sector. The target company operates 969 MW grid-connected solar project under PM-KUSUM Scheme in Maharashtra, positioning Vikran Engineering in India's clean energy transition.
16Apr 26
Vikran Engineering Limited Formally Appoints RSM Astute as Internal Auditor
Vikran Engineering Limited has formally communicated to BSE and NSE the appointment of RSM Astute Consulting Private Limited as Internal Auditor for a three-year term from January 2026 to March 2029. The regulatory filing provides complete appointment details including the firm's credentials as a top-tier audit and consulting firm with over 3,000 professionals across 14 cities in India.
15Apr 26
Vikran Engineering's Credit Rating Outlook Revised to Negative by India Ratings
Vikran Engineering received clarification on its credit rating from India Ratings, with the A- rating reaffirmed but outlook revised to Negative due to growth phase cash deployment in solar projects. The rating covers INR 500 million debentures and INR 4,700 million bank facilities, with constrained cash flows expected in FY 2026-27.
10Apr 26
Vikran Engineering Limited Files Non-Applicability Certificate Under SEBI Regulation 74(5) for Q4FY26
Vikran Engineering Limited filed a non-applicability certificate under SEBI Regulation 74(5) for Q4FY26, confirming its entire shareholding remains in dematerialised form. The company's Registrar, Bigshare Services Private Limited, confirmed no dematerialisation requests were received during 01.01.2026 to 31.03.2026. Company Secretary Kajal Rakholiya submitted the certificate to BSE and NSE on 09th April 2026, fulfilling regulatory compliance requirements.
06Apr 26
Vikran Engineering Secures ₹530.80 Crore Orders For Distribution Infrastructure
Vikran Engineering Limited has won two major Letters of Award totaling Rs. 530.80 Crore from Maharashtra State Electricity Distribution Company Limited for comprehensive power distribution enhancement projects in Nashik and Kolhapur zones. The turnkey contracts, part of the Asian Development Bank-funded program, include substations, transmission lines, transformers, and advanced technology implementation with a 21-month completion timeline.
14Mar 26
Vikran Engineering Limited Relocates Registered Office to Ashar IT Park in Thane
Vikran Engineering Limited has relocated its registered office within Thane from Odyssey IT Park to Ashar IT Park on Road No. 16-Z, Wagle Industrial Estate, effective March 14, 2026. The Board of Directors approved this change through a Circular Resolution, and the company has notified BSE and NSE as per SEBI Listing Regulations. The move maintains the company's presence within the local limits of Thane while potentially enhancing its operational capabilities.
14Feb 26
Vikran Engineering Board Approves Q3FY26 Results and ₹300 Crore NCD Issuance
Vikran Engineering's board meeting on February 13, 2026, approved Q3FY26 unaudited financial results showing revenue of ₹266.46 crore with modest 0.50% YoY growth, though margins declined due to execution ramp-up dynamics. The board accepted the resignation of internal auditor M/s. Shetty & Shetty due to health issues and approved issuance of up to ₹300 crore unlisted, secured NCDs through private placement to fund growth initiatives.
14Feb 26
Vikran Engineering Limited Announces Resignation of Internal Auditors M/S. Shetty and Shetty
Vikran Engineering Limited announced the resignation of internal auditors M/S. Shetty and Shetty, Chartered Accountants, effective February 13, 2026. The resignation was caused by health issues including dengue diagnosis affecting the senior auditor who had served the company for four years, impacting their ability to complete audit work within scheduled timelines.
03Feb 26
Vikran Engineering Launches Fully Owned SPV for ₹459.20 Crore NTPC Solar Project
Vikran Engineering has established Vikran MP Solar Private Limited, a fully owned SPV, to execute NTPC's 400 MW solar project worth ₹459.20 crore in Uttar Pradesh. This strategic move demonstrates the company's commitment to renewable energy sector expansion through dedicated project vehicles.
03Feb 26
Vikran Engineering Provides ₹491.5 Million Loan to Onix Renewable
Vikran Engineering has provided a ₹491.5 million loan to Onix Renewable, establishing a formal lending relationship. This financial support allows Onix Renewable to access significant capital for strategic initiatives, project development, or operational needs. The transaction highlights Vikran Engineering's leadership role in supporting the renewable energy sector.
29Jan 26
Vikran Engineering Limited Voluntarily Withdraws Credit Rating from CARE Ratings
Vikran Engineering Limited voluntarily withdrew its credit rating from CARE Ratings Limited on January 28, 2026, following company request and lender approval. The company maintains a strong order book of ₹2,412 crore with diversified operations across power, water, and railway infrastructure segments, though it faces working capital challenges with stretched cash cycles.
29Dec 25
Vikran Engineering Shares Surge 9.5% After Winning 45.75 MW Solar Projects
Vikran Engineering shares jumped 9.5% following the announcement of securing 45.75 MW solar projects in Madhya Pradesh under the PM KUSUM-C scheme with 25-year power purchase agreements. The company's order book has reached ₹5,000 crore and is expected to grow to ₹5,500-₹5,700 crore by FY26 start, demonstrating strong momentum in renewable energy infrastructure.
29Dec 25
Vikran Engineering eyes ₹2000 cr additional orders, secures 45.75 MW solar projects in MP
Vikran Engineering has accepted letters of award from MP Urja Vikas Nigam Ltd for developing grid-connected solar photovoltaic power projects with a combined capacity of 45.75 MW (AC) in Vidisha district, Madhya Pradesh. The projects, part of the Surya Mitra Krishi Feeders Scheme under the PM-KUSUM programme, have a 25-year contract duration with tariffs ranging from ₹2.75-2.80 per unit. The company sees potential for additional orders worth ₹2000 crore.
26Dec 25
Vikran Engineering Wins 45.75 MW Solar Power Plant Awards in Madhya Pradesh
Vikran Engineering Limited has officially accepted Letter of Awards from M.P. Urja Vikas Nigam Limited for implementing 45.75 MW AC solar power plants in Vidisha District, Madhya Pradesh under the PM KUSUM-C scheme. The 25-year power purchase agreement with MPPMCL offers tariffs between ₹2.75-₹2.80 per kWh, strengthening the company's renewable energy portfolio.
26Dec 25
Vikran Engineering Shares Rise 4% After ₹459 Crore NTPC Solar Order Win
Vikran Engineering shares gained 3.98% following announcement of ₹459.20 crore contract from NTPC Renewable Energy for 400 MW solar project in Uttar Pradesh. The diversified EPC company, with 45 completed projects across 14 states, continues expanding its renewable energy footprint with this 12-month timeline project.
24Dec 25
Vikran Engineering Surges 14% on ₹2,035 Cr Solar EPC Contract Win
Vikran Engineering has won a ₹2,035.26 crore contract from Onix Renewables Limited for developing a 600 MW AC solar plant in Maharashtra. The project, to be executed within 12 months, involves comprehensive EPC services. The company's shares jumped 14% following the announcement. Chairman Rakesh Markhedkar views this as a significant milestone, reflecting confidence in the company's capabilities. Vikran Engineering, with a market cap of ₹2,237 crores, operates in diverse EPC sectors including power, water, and railway electrification.
23Dec 25
Vikran Engineering Gets Credit Rating Upgrade from Infomerics
Infomerics Valuation and Rating Limited has upgraded Vikran Engineering's credit ratings for banking facilities totaling ₹460.40 crores. Long-term facilities were upgraded from IVR BBB+/Stable to IVR A-/Stable, while short-term facilities were raised to IVR A2+. The upgrade reflects improved operational performance, strengthened financial position, and a substantial increase in the company's order book. Factors contributing to the upgrade include experienced promoters, comfortable capital structure, strong financial risk profile, and geographical and sector diversification.
22Dec 25
Vikran Engineering Terminates ₹1,642 Crore Solar Project After Strategic Review
Vikran Engineering Limited has terminated its largest-ever solar project order worth ₹1,641.91 crore from Carbonminus Maharashtra One Private Limited after conducting a detailed internal evaluation. The decision, made through mutual understanding with the counterparty, aligns with the company's long-term strategic priorities, risk-return framework, and capital allocation discipline, with management stating no expected material adverse impact on ongoing operations or growth outlook.
19Nov 25
Vikran Engineering Faces Rs 24.64 Crore GST Demand, Plans Appeal
Vikran Engineering Limited has received a tax demand order of ₹24.64 crore from the Ayodhya tax authority for the period April 2023 to March 2025. The demand includes ₹10.72 crore for tax shortfall and excess ITC claims, ₹10.72 crore as penalty, and ₹3.20 crore in interest. The company plans to appeal the order based on advice from tax consultants and expects no financial implications. Vikran Engineering has disclosed this information to stock exchanges in compliance with SEBI regulations.
15Nov 25
Vikran Engineering Reports Strong H1 FY26 Performance, Secures Major Solar EPC Orders Worth INR 1,997 Crores
Vikran Engineering Limited reported robust H1 FY26 results with revenue at INR 176.00 crores, up 13.60% YoY, and PAT rising to INR 14.80 crores from INR 6.30 crores in H1 FY25. The company secured two significant solar EPC contracts totaling INR 1,997.00 crores, marking its entry into the solar energy sector. With an order book exceeding INR 4,000.00 crores, Vikran has strong revenue visibility for FY26 and FY27. The company is diversifying into renewable energy and exploring opportunities in international markets.
11Nov 25
Vikran Engineering Secures Rs 1,641.91 Crore Solar Power Contract, Reports Quarterly Results
Vikran Engineering has won a Rs 1,641.91 crore contract from Carbonminus Maharashtra One Private Limited for developing 505 MWAC solar power plants in Maharashtra. The project, part of the MSEDCL LIS scheme, has an 11-month completion timeline. The company recently completed its IPO, raising Rs 67,097.00 lakhs. An ongoing litigation for Rs 2,929.00 lakhs recovery from a customer is pending in Jaipur Commercial Court.
31Oct 25
Vikran Engineering Contests BSE Fine Over Annual Report Submission
Vikran Engineering Limited faces a Rs 1,22,720 fine from BSE for alleged non-compliance with SEBI's LODR Regulation 34. The company argues the regulation wasn't applicable as its 17th AGM was held on August 25, 2025, before its September 3, 2025 listing. Vikran has disputed the penalty, uploaded the FY 2024-25 Annual Report, and requested a waiver from BSE. The company maintains it complied with all applicable provisions of the Companies Act, 2013 prior to listing. The resolution of this dispute is pending BSE's response.
27Oct 25
Vikran Engineering Secures Major Project Worth ₹3.54 Billion
Vikran Engineering has secured a significant project valued at ₹3.54 billion (₹354 crore). This substantial contract is expected to boost the company's revenue, potentially strengthen its market position, and may require scaling up of operations. The project's successful execution will be crucial in determining its ultimate impact on the company's performance.
24Oct 25
Vikran Engineering Secures ₹3.54 Billion Project Contract
Vikran Engineering has won a significant project contract valued at ₹3.54 billion. This substantial contract is expected to boost the company's project portfolio and financial outlook. The contract's size suggests it could have a notable impact on Vikran Engineering's revenue and market position in the engineering sector. While specific project details are not provided, such large contracts often imply potential revenue growth, increased market confidence, and a strengthened competitive position for the company.
25Sept 25
Vikran Engineering Reports 17% Revenue Growth in Q1 FY26
Vikran Engineering Limited announced robust Q1 FY26 results, its first as a listed company. Consolidated revenue increased by 16.98% to Rs. 159.16 crore, EBITDA surged 60.91% to Rs. 22.64 crore, and PAT grew 31.70% to Rs. 5.65 crore. The company maintains a solid order book of Rs. 5,120.21 crore, with Rs. 2,442.44 crore pending execution. Vikran's project portfolio includes power transmission, railway electrification, and water infrastructure projects across India.
22Sept 25
Vikran Engineering Approves Key Management Changes and ₹175 Crore Solar Power Investment
Vikran Engineering Limited has made significant management changes and approved a major investment plan. The board designated Mr. Vipul Markhedkar as Head of Business Operations and Mrs. Kanchan Rakesh Markhedkar as Chief Human Resource Officer, both as Key Management Personnel. Mr. Vinod Mohandass, General Manager, has resigned. The company also approved exploring an investment of up to ₹175.00 Crore in a Solar Power Project SPV. The board approved unaudited financial results for the quarter ended June 30, 2025.
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