Vikran Engineering Limited reported a 28.2% year-on-year increase in standalone revenue from operations to Rs 204.0 crore in Q1 FY27, compared with Rs 159.2 crore in Q1 FY26. EBITDA rose 23.7% to Rs 28.0 crore from Rs 22.7 crore, while the EBITDA margin remained broadly stable at 13.7% against 14.2% a year earlier. Profit after…
Vikran Engineering Limited has received a Notification of Award from Power Grid Corporation of India Limited (POWERGRID) for the 400 kV Gas Insulated Switchgear (GIS) Substation Extension Package SS-147, valued at approximately Rs 120.69 crore, exclusive of Goods and Services Tax (GST). The order covers augmentation of transformation capacity at three POWERGRID substations in Dadra…
Vikran Engineering has commissioned the 132 kV Miao–Namsai Transmission Line in Arunachal Pradesh, completing 40.630 km of transmission infrastructure across challenging terrain in the state. The project comprises 138 tower foundations, including two pile foundations constructed under difficult geological conditions. Given its strategic importance for strengthening Arunachal Pradesh’s power infrastructure, execution of the transmission line…
Vikran Engineering Limited has outlined an ambitious growth strategy for the coming years, targeting a significant increase in revenue, entry into the data centre engineering, procurement and construction (EPC) segment, and potential expansion into international markets. During its Q4 and FY26 earnings call, the company guided for revenue of Rs 2,200–2,500 crore in FY27, compared…
Vikran Engineering Limited reported audited financial results for the quarter and financial year ended March 31, 2026, with its consolidated order book crossing Rs 5,000 crore at the end of FY26. The company said the order pipeline was supported by large solar engineering, procurement and construction (EPC) wins and continued growth across infrastructure segments. As…
Vikran Engineering Limited has closed a Rs 49.15 crore loan arrangement extended to Onix Renewable Limited following execution of a Composite Amendment and Supplement Agreement on May 20, 2026. The company disclosed the development to stock exchanges under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR)…
Vikran Engineering Limited has signed a Share Purchase Agreement to acquire a 49% equity stake in NOPL Solar Projects Private Limited for Rs 4.9 crore, expanding its footprint in the renewable energy segment. NOPL Solar Projects is involved in the development, operation, and maintenance of solar power assets and is linked to a 969 MW…
Vikran Engineering Ltd (VEL) has secured a Rs 3.54 billion turnkey EPC contract from Ellume Energy MH SolarOne for a 100 MW AC (120 MW DC) solar power project in Maharashtra. The contract covers complete design, engineering, procurement, construction, installation, testing, and commissioning on a lump-sum turnkey basis. Chairman and Managing Director Rakesh Markhedkar said…