Vikran Engineering Limited has executed an agreement to acquire a 49% stake in NOPL Solar Projects Private Limited for ₹4.9 Crore. This strategic investment expands Vikran's footprint in India's renewable energy sector. The target company is associated with a 969 MW grid-connected solar project under the PM-KUSUM Scheme in Maharashtra.
Vikran Engineering Limited has appointed RSM Astute Consulting Private Limited as its Internal Auditor, effective April 16, 2026. RSM India is a leading audit and consulting firm with over 3,000 professionals. The appointment spans a term of 3.25 years, aimed at strengthening the company's internal risk advisory and governance frameworks.
Vikran Engineering Limited has appointed RSM Astute Consulting Private Limited as Internal Auditors for a period from January 1, 2026, to March 31, 2029. RSM India is a leading pan-India audit and tax firm. The appointment is a routine regulatory compliance measure.
Vikran Engineering Limited announced several board meeting outcomes, including the appointment of RSM Astute Consulting as Internal Auditor and Ms. Kajal Rakholiya as Nodal Officer. The company also noted a Rs. 4,720 penalty paid to NSE for a minor delay in shareholding pattern disclosure, citing inadvertent nature and improved internal compliance measures.
India Ratings & Research reaffirmed Vikran Engineering Limited's 'IND A-' credit rating for its ₹520 Crore debt facilities but revised the outlook to 'Negative'. This revision reflects expected cash flow constraints and elevated working capital needs during the company's current growth phase, primarily driven by new Solar projects.
India Ratings and Research reaffirmed Vikran Engineering Limited's credit rating at A- but revised the outlook to Negative from Stable. The rating applies to ₹520 Crore of debt, including ₹50 Crore in NCDs and ₹470 Crore in bank facilities. This revision reflects updated credit assessment of the company's financial profile.
Vikran Engineering Limited received a credit rating of 'IND A-/Negative' from India Ratings and Research for its proposed ₹50.0 Crore non-convertible debentures. This revised filing corrects a previous typographical error regarding the issue size unit.
Vikran Engineering Limited has received a credit rating update from India Ratings and Research. While the 'IND A-' rating was reaffirmed for ₹5,200 Crore in debt facilities, the outlook was revised from 'Stable' to 'Negative'. This revision signals potential credit risks or deteriorating financial metrics that investors should monitor closely.
Vikran Engineering Limited has been assigned a new credit rating of 'IND A-/Negative' by India Ratings and Research for its proposed ₹500 Crore non-convertible debentures. This rating provides an independent assessment of the company's creditworthiness for its upcoming debt issuance.
Vikran Engineering Limited secured two orders totaling ₹530.80 Crore from MSEDCL for power distribution infrastructure strengthening in Maharashtra's Nashik and Kolhapur zones. Funded by the Asian Development Bank, these turnkey projects involve substations and transmission lines. Both contracts have a 21-month execution timeline, significantly boosting the company's T&D order book.
