Vikran Engineering Share Price Surges on Securing ₹120.69 Crore Order from POWERGRID

Vikran Engineering Limited has received a Notification of Award from Power Grid Corporation of India Limited (POWERGRID) for the 400 kV GIS Substation Extension Package SS-147, as per an exchange filing dated July 31, 2026.  

The order is valued at about ₹120.69 crore, excluding GST, and was awarded through the Domestic Competitive Bidding route.  

Extension Work Planned at Three Substations 

The project involves expansion works at 3 existing GIS substations. These are the 400/220 kV Magarwada substation in Dadra & Nagar Haveli, the 765/400/220 kV Vadodara substation in Gujarat and the 400/220 kV Rajgarh substation in Madhya Pradesh.  

Vikran Engineering will undertake design, engineering, manufacturing, testing, supply, installation and commissioning of Gas Insulated Switchgear (GIS) equipment.  

The contract also includes construction of 400/220 kV GIS bays and associated civil and electrical works.  

Capacity Expansion Across the Network 

The works are intended to increase transformation capacity at the three locations. According to the company, the project is to improve power evacuation capacity and strengthen transmission links across Gujarat, Madhya Pradesh and the Union Territory of Dadra & Nagar Haveli and Daman & Diu.  

The additional infrastructure forms part of ongoing upgrades to the high-voltage transmission network.  

Vikran Engineering's EPC Business 

Vikran Engineering operates in the engineering, procurement and construction (EPC) segment, with projects in power transmission and distribution, water infrastructure and railway electrification.  

The company has also entered the solar EPC and smart metering businesses. It said it has completed 45 projects across 14 states and has executed work for clients including POWERGRID, NTPC, state utilities and public health departments. Its vendor network comprises more than 3,500 suppliers.  

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Vikran Engineering Share Price Performance  

As of July 31, 2026, 2:20 pm, Vikran Engineering share price was trading at ₹72.40, up 1.09% from the previous closing price. 

Conclusion 

With this order, Vikran Engineering will execute transmission infrastructure projects across Gujarat, Madhya Pradesh and Dadra & Nagar Haveli. The contract forms part of POWERGRID's substation capacity expansion programme. 

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