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Vikran Engineering has allotted secured, rated, unlisted, redeemable non -convertible debentures aggregating to Rs 50 crore on 29 April 2026.

Vikran Engineering has executed a share purchase agreement (SPA) for acquisition of 49% equity stake in NOPL Solar Projects for a consideration of Rs 4.90 crore. NOPL Solar Projects is engaged primarily for development, operation and maintenance of solar power projects 969 MW (AC) grid-connected solar power project under Component C of the PM-KUSUM Scheme in the renewable energy sector in state of Maharashtra.The acquisition is in line with the Company`s strategy to expand its presence in the renewable energy sector. It will enable business diversification and support long-term growth through participation in solar energy projects.

Vikran Engineering announced that the credit rating assigned to the Company by India Ratings & Research has been reaffirmed at �A-�. However, the rating outlook has been revised from �Stable� to �Negative�. The short term rating has also been reaffirmed at A2+.

Vikran Engineering announced that it has received two major Letters of Award (LoA) aggregating to Rs 530.80 crore (excluding GST) from Maharashtra State Electricity Distribution Co. (MSEDCL), a Government of Maharashtra Undertaking, for the development of distribution infrastructure & system strengthening works across Nashik zone and Kolhapur zone in the state of Maharashtra. Both LoAs were issued under the power distribution enhancement program funded by the Asian Development Bank (ADB), awarded through National Competitive Bidding. The Nashik zone contract is valued at Rs 235.63 crore and the Kolhapur zone contract at Rs 295.17 crore, both excluding GST.

Net profit of Vikran Engineering declined 37.92% to Rs 20.91 crore in the quarter ended December 2025 as against Rs 33.68 crore during the previous quarter ended December 2024. Sales rose 0.48% to Rs 266.46 crore in the quarter ended December 2025 as against Rs 265.20 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales266.46265.20 0 OPM %13.0824.57 - PBDT28.2946.08 -39 PBT27.1345.36 -40 NP20.9133.68 -38 Powered by Capital Market - Live News