Vikran Engineering Limited has added new orders to its portfolio with projects focused on improving power distribution infrastructure in Maharashtra.
The development reflects continued activity in the EPC segment, particularly in transmission and distribution.
The company has secured 2 contracts worth ₹530.80 crore, excluding GST, from Maharashtra State Electricity Distribution Co. Limited. These projects are spread across the Nashik and Kolhapur zones, with individual contract values of ₹235.63 crore and ₹295.17 crore respectively.
The execution will be carried out on a turnkey basis, covering activities from initial survey and planning to engineering, supply, installation and commissioning.
The scope includes development of substations across multiple voltage levels such as 33/11 kV, 22/11 kV and 33/22 kV, along with new transmission lines at 33 kV, 22 kV and 11 kV.
Additional components involve augmentation of transformers and substations, renovation work, installation of distribution transformers, laying of LT lines, underground cabling for HT and LT networks, as well as GIS mapping and asset tagging.
Both contracts are scheduled for completion within 21 months from the date of award. The projects are expected to strengthen the company’s order book and support its growth outlook in the infrastructure segment.
As per the exchange filings, commenting on the development, Chairman and Managing Director Rakesh Markhedkar said “These two LoAs from MSEDCL under the ADB-funded program are a strong validation of our technical capabilities and our consistent execution track record in large-scale power distribution infrastructure.
Winning both the Nashik and Kolhapur Zone packages through competitive national bidding is a clear vote of confidence in our engineering depth and project management capabilities.
These orders meaningfully strengthen our order book and position us well for sustained growth as we continue to contribute to Maharashtra’s power infrastructure development and support India’s broader energy access ambitions through reliable, timely, and sustainable infrastructure delivery.”
Vikran Engineering operates as a diversified EPC company with presence across power transmission and distribution, water infrastructure, railway electrification, solar EPC and smart metering. It provides end-to-end turnkey solutions covering design, supply, installation, testing and commissioning.
The company has completed 45 projects across 14 states and has worked with major clients including NTPC, Power Grid Corporation of India, state utilities and public sector departments. Its operations are supported by an asset-light model, in-house engineering capabilities and a vendor network of over 3,500 partners.
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As of 06 April 2026, at 9:22 AM, Vikran Engineering Ltd share price is trading at ₹58.55 per share, reflecting a surge of 5.69% from the previous closing price.
With these new orders, Vikran Engineering continues to expand its presence in the power infrastructure space, strengthening its execution pipeline and positioning itself for further growth.
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Published on: Apr 6, 2026, 10:22 AM IST
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