Vikran Engineering Business Update
Vikran Engineering terminated a 100 MW AC solar EPC contract with Ellume Energy MH Solar One due to client delays. The company expects no material impact on operations.
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Vikran Engineering terminated a 100 MW AC solar EPC contract with Ellume Energy MH Solar One due to client delays. The company expects no material impact on operations.
Vikran Engineering cancelled a solar EPC contract worth ₹3517.98 Crore. The 969 MW AC project will be executed directly with its subsidiary NOPL.
Vikran Engineering reported the cancellation of a Rs.354.21 crore solar project order. The termination resulted from prolonged delays in client project readiness.
Vikran Engineering received a Rs.3,517.98 Crore EPC order from NOPL for a 969 MW solar project. The project execution period is 12 months.
India Ratings assigned IND BBB+/Stable rating to Vikran Engineering's proposed NCDs of ₹50 Crore. This enhances the company's debt-raising credibility.
Vikran Engineering Limited secured two turnkey contracts worth ₹530.8 Crore for substation and transmission line works. Projects are scheduled for completion within 21 months.
India Ratings downgraded Vikran Engineering's long-term ratings to IND BBB+/Stable from IND A-/Negative. The revision reflects order book concentration and equity infusion needs for a solar project.
Vikran Engineering Limited allotted 40 secured NCDs totaling ₹20 Crore via private placement. The unlisted instruments carry an 11% coupon and a 24-month tenure.
Vikran Engineering Limited allotted secured, unlisted, non-convertible debentures (NCDs) worth ₹10 Crore on a private placement basis. The 24-month instruments carry an 11% coupon rate.
Vikran Engineering reported record FY26 revenue of ₹1,249 cr, driven by Solar EPC expansion and strong Power T&D execution.
Vikran Engineering Limited submitted its Annual Secretarial Compliance Report for the financial year 2026. The report confirms overall regulatory adherence with minor historical observations regarding disclosure delays.
Vikran Engineering transitions into a solar-led EPC and developer role with the NOPL acquisition, achieving record FY26 revenue despite margin pressure and working capital stretches.
Vikran Engineering Limited recommended a final dividend of ₹0.18 per equity share for 2026. The record date and general meeting details will be shared later.
Vikran Engineering reports record FY26 revenue of ₹1,249.3 Cr, up 36.4% YoY. Strategy shifts toward an integrated renewable energy platform via NOPL Solar acquisition.
Vikran Engineering reports strong FY26 performance with revenue reaching ₹1,249.3 Cr (up 36.4% YoY) and PAT of ₹91.7 Cr. The company is pivoting from pure EPC to an integrated renewable platform.
Mr. Mukhesh Nandan Jha has resigned as Senior General Manager - Procurement at Vikran Engineering Limited. His departure is effective from June 20, 2026.
Vikran Engineering reported FY26 revenue of ₹1,249.3 Crore, up 36.4% YoY. The firm's order book stands at ₹5,737 Crore, driven by significant Solar EPC growth.
Vikran Engineering Ltd reported revenue from operations of ₹647.4 Cr (+82.2% YoY) and net profit of ₹56 Cr (+48.1% YoY) for Q4 FY26.
Vikran Engineering approved audited FY26 results and recommended a 18% dividend. The board also authorized a ₹400 Crore fund raise through debt securities.
Vikran Engineering Limited closed a ₹49.15 Crore loan arrangement with Onix Renewable Limited. The settlement involved share acquisitions and working capital adjustments.
Vikran Engineering acquired a 51% stake in NOPL Solar Projects for ₹5.10 Crore. This acquisition makes the target entity a wholly-owned subsidiary of the company.
Vikran Engineering scheduled a board meeting on May 22, 2026, to approve audited FY26 results. Directors will also consider a dividend and raising ₹400 Crore.
Vikran Engineering completed the ₹4.90 Crore acquisition of a 49% stake in NOPL Solar Projects. This strategic investment expands its renewable energy footprint in Maharashtra.
Vikran Engineering completed acquiring a 49% stake in NOPL Solar Projects for ₹4.90 Crore. This acquisition expands its renewable energy footprint in Maharashtra.
Vikran Engineering Limited incorporated a new wholly-owned subsidiary, Vikran For Good Foundation, on May 4, 2026. The Section 8 company was formed with a cash consideration of ₹0.01 Crore to undertake CSR initiatives in healthcare, education, and environmental sustainability.
Vikran Engineering Limited incorporated 'VIKRAN For Good Foundation' as a wholly owned Section 8 subsidiary on May 4, 2026. The new entity, with a paid-up capital of ₹0.01 Crore, will undertake the company's charitable and CSR initiatives.
Vikran Engineering Limited has incorporated a wholly owned subsidiary, Vikran Renewable Private Limited, with a paid-up capital of ₹0.01 Crore. The new entity will focus on developing and operating integrated renewable energy projects, aligning with the company's long-term business strategy in the green energy sector.
Vikran Engineering Limited has commissioned its second 5 MW solar power plant in Ambijalgaon, Maharashtra, under the PM KUSUM Scheme. The plant is expected to generate 10,000 MWh of clean energy annually for agricultural irrigation. This operational milestone advances the company's 600 MW solar pipeline and strategic expansion into renewable energy infrastructure.
Vikran Engineering Limited confirmed it is not a Large Corporate for FY 2026-27 under SEBI debt-raising framework. The company reported outstanding long-term borrowings of ₹45.84 Crore as of March 31, 2026, and maintains an 'IND A-/ Negative' credit rating from India Ratings and Research.
Vikran Engineering Limited has successfully allotted ₹50 Crore worth of Secured, Rated, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis. The issue comprises two tranches with an 11% p.a. fixed coupon rate and a two-year tenure maturing in April 2028.