News

Vikran Engineering Limited announced the allotment of Rs 3.50 crore in Tranche II and Rs 6 crore in Tranche III of secured, unrated, unlisted, redeemable, taxable, non-convertible debentures on August 3rd and August 7th, 2026, respectively, following approvals from the company’s Corporate Affairs Committee. The debentures, which carry a fixed coupon rate of 11.40% per annum and are to be repaid over 12 months and 5 days, are backed by a subservient charge over the company`s current assets.

Vikran Engineering will hold a meeting of the Board of Directors of the Company on 11 August 2026.

Vikran Engineering has secured a new order aggregating approximately Rs 120.69 crore exclusive of GST from Power Grid Corporation of India (POWERGRID) for the 400 kV GIS Substation Package SS-147. The order, awarded through Domestic Competitive Bidding, reinforces the Company`s position as a preferred EPC partner to India`s central transmission utility and adds a marquee project to its growing order book. The scope of work covers the design, engineering, manufacture, testing, supply, erection and commissioning of Gas Insulated Switchgear (GIS) equipment for augmentation of transformation capacity at three strategically important POWERGRID substations - the 400/220 kV Magarwada GIS Substation in Dadra & Nagar Haveli, the 765/400/220 kV Vadodara GIS Substation in Gujarat, and the 400/220 kV Rajgarh Substation in Madhya Pradesh. The project entails Construction of 400/220kV GIS bays and allied works, to be executed under two integrated contracts covering supply of Goods and Services.The augmentation of transformation capacity at these key nodes is expected to strengthen the inter regional power transmission network, enhance grid reliability and improve power evacuation capability across Gujarat, Madhya Pradesh and the Union Territory of Dadra & Nagar Haveli and Daman & Diu. By reinforcing critical transformation infrastructure at these substations, the project will support the rising power demand from industrial and commercial growth in the region, while strengthening the resilience and future-readiness of India`s National Grid.

Vikran Engineering announced that the Company has redeemed 30 (Thirty) Unsecured, Rated, Unlisted, Redeemable, Non Convertible Debentures (ISIN: INE01R507041) aggregating to Rs 15 crore on 24 July 2026 in accordance with the terms of issue.

Vikran Engineering announced the cancellation of order worth Rs 354.21 crore from Ellume Energy MH Solar One (SPV) due to prolonged delays in achieving the necessary project readiness milestones at the client`s end. The client was unable to provide the required Power Purchase Agreement (PPA), work commencement approvals, design clearances, scope finalization, and mobilization permissions within the expected timelines. Consequently, the commencement of the project remained uncertain, making execution of the work order commercially unviable.The order pertained to turnkey Engineering, Procurement, and Construction (EPC) Contract for the 100 MW AC Solar Power Project in Maharashtra.