Vikran Engineering Limited
All news and filings related to Vikran Engineering Limited.
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Vikran Engineering Revises Concall Timing to 10:00 AM on May 26, 2026
Vikran Engineering Limited has corrected the timing for its Q4 & FY26 earnings conference call. The call will now take place on Tuesday, May 26, 2026, at 10:00 AM IST. Management, including CMD Rakesh Markhedkar, will discuss financial and operational performance.
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Vikran Engineering Announces Earnings Conference Call on 26 May 2026 at 3:30 PM IST
Vikran Engineering Limited will hold an earnings conference call on 26 May 2026 at 3:30 PM IST to discuss Q4 & FY26 results. Key participants include Mr. Rakesh Markhedkar (Promoter & CMD), Mr. Nakul Markhedkar (Whole Time Director), and Mr. Ashish Bahety (CFO). Access numbers and a Diamond Pass link have been provided for participation.
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Vikran Engineering Closes Loan of ₹49.15 Cr to Onix Renewable
Vikran Engineering Limited closed a ₹49.15 Crore loan to Onix Renewable Limited via a Composite Amendment and Supplement Agreement dated 20th May 2026. ₹10 Crore adjusted for NOPL Solar share acquisition, ₹39.15 Crore adjusted against Onix's loan to NOPL Solar for project expenses.
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Vikran Engineering Acquires 51% Stake in NOPL Solar Projects for ₹5.10 Crore
Vikran Engineering Limited acquired an additional 51% stake in NOPL Solar Projects Private Limited for ₹5.10 Crores, completing the acquisition on May 20, 2026. This makes NOPL Solar a wholly owned subsidiary. The acquisition aims to expand Vikran's presence in the renewable energy sector.
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Vikran Engineering Corrects Disclosure: NOPL Solar Acquisition Date Revised to April 27, 2026
Vikran Engineering corrected its disclosure regarding the acquisition of a 49% stake in NOPL Solar Projects, revising the SPA execution date to April 27, 2026. The company acquired 4900 shares on May 15, 2026, for ₹4.90 Crore. NOPL Solar Projects, incorporated on May 20, 2024, is involved in renewable energy.
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Vikran Engineering Acquires 49% Stake in NOPL Solar Projects for ₹4.90 Crore
Vikran Engineering acquired a 49% equity stake in NOPL Solar Projects Private Limited on 15th May 2026, for ₹4.90 Crore. The acquisition, involving 4900 shares at ₹10,000 per share, aligns with Vikran's renewable energy expansion strategy. NOPL Solar Projects, incorporated on 20th May 2024, focuses on solar power projects, including a 969 MW project under the PM-KUSUM Scheme.
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Vikran Engineering Limited IPO Proceeds Fully Utilized by March 31, 2026
Vikran Engineering Limited's Monitoring Agency Report for Q4FY26 confirms full utilization of its ₹721 crore IPO proceeds by March 31, 2026. Funds were allocated to working capital, general corporate purposes, and issue expenses. The accelerated utilization was due to increased project acquisition.
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Vikran Engineering Incorporates Wholly Owned Subsidiary 'VIKRAN For Good Foundation'
Vikran Engineering Limited incorporated a wholly owned subsidiary, VIKRAN For Good Foundation, on 4th May 2026. The Section 8 company aims to undertake charitable and social impact initiatives. The acquisition cost was ₹1,00,000 for 100% shareholding.
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Vikran Engineering Incorporates Wholly Owned Subsidiary for Renewable Energy Business
Vikran Engineering Limited has incorporated a wholly owned subsidiary, Vikran Renewable Private Limited, on May 4, 2026, for its renewable energy business. The subsidiary has a paid-up capital of ₹1,00,000 and was acquired for ₹1,00,000 in cash.
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Vikran Engineering commissions second 5 MW solar plant in Maharashtra
Vikran Engineering Limited commissioned its second 5 MW solar power plant in Maharashtra under the PM KUSUM Scheme. This plant is part of a 600 MW solar contract and aims to provide reliable irrigation power. The company has 145 MW under construction.
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Vikran Engineering Completes ₹50 Crore NCD Allotment
Vikran Engineering Limited has successfully allotted ₹50 Crores in Secured, Rated, Unlisted, Redeemable, Non-Convertible Debentures (NCDs). Tranche I (₹20 Cr) allotted April 24, 2026, matures April 24, 2028. Tranche II (₹30 Cr) allotted April 29, 2026, matures April 29, 2028. The NCDs offer an 11% annual coupon paid monthly.
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Vikran Engineering Acquires 49% Stake in NOPL Solar Projects for ₹4.9 Crore
Vikran Engineering Limited acquired a 49% equity stake in NOPL Solar Projects Private Limited for ₹4.9 crore. This strategic investment aims to expand VEL's presence in India's renewable energy sector, particularly in solar power projects under the PM-KUSUM Scheme. The acquisition aligns with the company's diversification goals.
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Vikran Engineering Acquires 49% Stake in NOPL Solar Projects for ₹4.9 Crore
Vikran Engineering Limited will acquire a 49% stake in NOPL Solar Projects Private Limited for ₹4.9 Crore. This strategic move aims to expand Vikran's presence in the renewable energy sector. The acquisition is expected to be completed within one month, subject to conditions precedent.
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Vikran Engineering Appoints RSM Astute Consulting as Internal Auditors till March 2029
Vikran Engineering Limited has appointed RSM Astute Consulting Private Limited as its Internal Auditors. The appointment is effective from January 1, 2026, and will continue until March 31, 2029. The new auditor is a well-established firm with a strong national presence and expertise in various advisory services.
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Vikran Engineering Appoints Internal Auditor, Nodal Officers; Notes NSE Penalty
Vikran Engineering Limited appointed RSM Astute Consulting Private Limited as Internal Auditor until March 31, 2029. Ms. Kajal Rakholiya was named Nodal Officer and Ms. Preeti Deshmukh as Deputy Nodal Officer, effective April 16, 2026. The company also noted and paid a ₹4,720 penalty from NSE for a delayed disclosure.
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Vikran Engineering's Credit Rating Outlook Revised to Negative, Reaffirmed at A-
India Ratings & Research has reaffirmed Vikran Engineering Limited's credit rating at "A-" but revised the outlook to "Negative". This is due to expected cash flow deployment and elevated working capital for new Solar projects in FY2026-FY2027. The rating for NCDs (₹500 crore) and bank loans (₹4,700 crore) remains "A-" with a negative outlook.
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Vikran Engineering's Credit Rating Revised to A- Negative by India Ratings
India Ratings revised Vikran Engineering's credit rating to A- with a Negative outlook. The rating applies to non-convertible debentures (reduced to ₹500 million from ₹900 million) and bank loan facilities (₹4,700 million). This follows a correction of a typographical error in a prior submission.
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Vikran Engineering Limited Assigned IND A-/Negative Rating for ₹500 Million NCDs
Vikran Engineering Limited revised its credit rating intimation. India Ratings and Research assigned an IND A-/Negative rating for proposed non-convertible debentures worth ₹50 crore (500 million). The company corrected a typographical error in its previous submission.
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Vikran Engineering Limited: Non-Applicability Certificate for Regulation 74(5) for Q4FY26
Vikran Engineering Limited received a non-applicability certificate for SEBI Regulation 74(5) for the quarter ended March 31, 2026. The company's shares are entirely in dematerialized form, and no share dematerialization or rematerialization requests were received during the period.
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Vikran Engineering Limited: Credit Rating Revised to A-/Negative by India Ratings
India Ratings has revised Vikran Engineering Limited's credit rating outlook to Negative while reaffirming the rating at A-. The rating for NCDs is now A-/Negative (₹500 crore) and for bank loan facilities is A-/Negative /A2+ (₹4,700 crore).
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Vikran Engineering Assigned 'IND A-'/Negative Rating for ₹500 Crore NCDs
Vikran Engineering Limited's proposed ₹500 crore non-convertible debentures have been assigned an 'IND A-' rating with a Negative outlook by India Ratings and Research. The rating was confirmed on April 7, 2026.
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Vikran Engineering Secures ₹530.80 Crore MSEDCL Orders for Power Distribution
Vikran Engineering Limited received two LOAs totaling ₹530.80 Crore from MSEDCL for power distribution infrastructure development in Nashik and Kolhapur zones. The contracts, to be completed within 21 months each, are part of an ADB-funded program. This significantly strengthens the company's order book.
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Vikran Engineering Limited Closes Trading Window from April 1, 2026, for FY26 Audited Financial Results
Vikran Engineering Limited will close its trading window from April 1, 2026, until 48 hours after the declaration of audited financial results for the quarter and year ended March 31, 2026. This applies to designated persons and their immediate relatives.
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Vikran Engineering Limited Changes Registered Office Address Effective March 14, 2026
Vikran Engineering Limited's Board of Directors approved a change in the registered office address. The new address is B-2 & B-3, B Wing, 3rd Floor, Ashar IT Park, Road No. 16-Z, Wagle Industrial Estate, Thane – 400604. This change is effective March 14, 2026.
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Vikran Engineering to Meet Analysts/Investors on March 10, 2026
Vikran Engineering Limited will host an investor and analyst meeting on March 10, 2026. The meeting, part of the Arihant Bharat Connect 'Rising Stars 2026' conference, will be conducted virtually. Discussions will be based on publicly available information.
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Vikran Engineering Limited Announces Publication of Unaudited Financial Results for Q3 FY26
Vikran Engineering Limited published its Unaudited Standalone Financial Results for the quarter ended December 31, 2025. The results were published in Financial Express and Mumbai Lakshwadeep newspapers.
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Vikran Engineering Q3 FY26 Revenue Flat; Order Book Surges 146% to ₹4,987 Cr
Vikran Engineering's Q3 FY26 revenue was ₹266.5 crore, flat year-on-year. The consolidated order book surged 146% to ₹4,987 crore by December 31, 2025. Key wins include a ₹2,035.3 crore solar project order. PAT for Q3 FY26 stood at ₹20.9 crore.
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Vikran Engineering Q3 FY26 Investor Presentation Released
Vikran Engineering released its Q3 FY26 investor presentation, showing revenue of ₹266.5 crore (up 51.2% QoQ). The consolidated order book exceeded ₹4,700 crore as of Feb 13, 2026, driven by solar EPC orders. The company plans to expand into international markets and increase its solar EPC capacity.
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Vikran Engineering Limited: Internal Auditors M/S. Shetty and Shetty Resign
Vikran Engineering Limited's Internal Auditors, M/S. Shetty and Shetty, have resigned effective February 13, 2026, due to health reasons of the senior auditor. The firm cited an inability to meet audit timelines due to dengue and other health issues.
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Vikran Engineering Limited: Monitoring Agency Report for Q3FY26 Shows No Deviation in IPO Fund Utilization
Vikran Engineering Limited's Monitoring Agency Report for Q3FY26 confirms no deviation in IPO fund utilization of ₹721 crore. The company utilized ₹257.19 crore for working capital, with ₹129.97 crore unutilized for General Corporate Purposes and ₹0.51 crore for issue expenses. Total unutilized proceeds stood at ₹255.82 crore.
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Vikran Engineering Approves Q3 FY26 Results, Plans ₹300 Crore Debt Fundraising
Vikran Engineering's Board approved Q3 FY26 results, showing a profit before exceptional items of ₹259.2 Crore. The company plans to raise up to ₹300 Crore through debt instruments. The Board accepted the Internal Auditor's resignation and noted a ₹5,900 penalty from NSE for disclosure delay. Vikran also became a wholly-owned subsidiary of Vikran MP Solar.
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Vikran Engineering Incorporates Wholly Owned Subsidiary VIKRAN MP SOLAR PRIVATE LIMITED
Vikran Engineering Limited incorporated VIKRAN MP SOLAR PRIVATE LIMITED on January 22nd, 2026, as a wholly owned subsidiary. This SPV will execute a ₹459.20 Crore EPC contract for a 400 MW solar project from NTPC Renewable Energy Limited. Promoters are directors in the SPV.
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Vikran Engineering Limited enters ₹49.15 Crore loan agreement with Onix Renewable Limited
Vikran Engineering Limited has entered into a loan agreement as a lender with Onix Renewable Limited for ₹49.15 Crore. The loan has an interest rate of 15% per annum and is repayable on demand. The agreement was executed on January 31, 2026.
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Vikran Engineering Limited's Credit Ratings Withdrawn by CARE Ratings
Vikran Engineering Limited's bank facility credit ratings from CARE Ratings have been withdrawn at the company's request. Previously rated 'CARE BB-; Stable / CARE A4', the withdrawal follows lender no-objection. Stretched working capital and negative cash flow were noted concerns, offset by a ₹2,412 crore diversified order book.
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Vikran Engineering Limited: Non-Applicability Certificate for SEBI Regulation 74(5) for Q3 FY26
Vikran Engineering Limited confirms non-applicability of SEBI Regulation 74(5) for the quarter ended December 31, 2025. The company's shares are fully dematerialized, and no share dematerialization or rematerialization requests were received during the period.
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Vikran Engineering: Trading Window Closed Jan 1, 2026 for Financial Results
Vikran Engineering Limited's trading window will be closed from January 1, 2026. The closure is to comply with SEBI regulations and will last until 48 hours after the declaration of financial results for the quarter and year ended December 31, 2025.
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Vikran Engineering Secures 45.75 MW Solar Projects Under PM KUSUM-C Scheme
Vikran Engineering Limited accepted LOAs for 45.75 MW solar power projects in Madhya Pradesh under the PM KUSUM-C scheme. The projects have a 25-year power purchase tenure with tariffs between ₹2.75 and ₹2.80 per kWh.
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Vikran Engineering Secures 45.75 MW Solar Power Projects from M.P. Urja Vikas Nigam
Vikran Engineering Limited accepted LOAs from M.P. Urja Vikas Nigam for 45.75 MW AC solar power projects. The contract is for 25 years with a power sale agreement to MPPMCL at ₹2.75-₹2.80/kWh. This is a significant new order for the company.
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Vikran Engineering Secures ₹459.20 Crore EPC Contract from NTPC Renewable Energy
Vikran Engineering Limited secured a ₹459.20 crore EPC contract from NTPC Renewable Energy for a 400 MW solar power project in Uttar Pradesh. The project, involving the Balance of System package, is to be completed within 12 months. This award strengthens VEL's position in the renewable energy sector.
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Vikran Engineering Bags ₹459.20 Crore EPC Contract from NTPC Renewable Energy
Vikran Engineering Limited received an award for an EPC contract from NTPC Renewable Energy Limited. The contract is valued at ₹459.20 Crores (excluding GST) for a 400 MW solar project in Uttar Pradesh. Execution is expected within 12 months.
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Vikran Engineering Upgraded Credit Rating by Infomerics to IVR A-/Stable
Infomerics has upgraded Vikran Engineering's credit rating. Long-term bank facilities are now rated IVR A-/Stable (₹140.40 crore), and long/short-term facilities are IVR A-/Stable/IVR A2+ (₹280.00 crore). Short-term facilities are rated IVR A2+ (₹40 crore). The upgrade is due to improved operations and order book.
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Vikran Engineering Secures ₹2,035 Crore EPC Order for 600 MW Solar Projects in Maharashtra
Vikran Engineering Limited secured a ₹2,035.26 crore EPC order for 600 MW solar power projects in Maharashtra. The contract with Onix Renewables Limited covers end-to-end execution and is expected to be completed within 12 months. This win significantly boosts the company's renewable energy EPC portfolio.
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Vikran Engineering Secures ₹2,035 Crore Solar Plant Order from Onix Renewables
Vikran Engineering Limited secured a ₹2,035.26 Crore work order from Onix Renewables for a 600 MW solar plant in Maharashtra. The 12-month project includes EPC services. Total value with GST is ₹2,216.40 Crores. No promoter interest in the awarding entity.
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Vikran Engineering Withdraws ₹1,641.91 Crore Order from Carbonminus
Vikran Engineering Limited has mutually disengaged from a ₹1,641.91 crore EPC order with Carbonminus Maharashtra One Private Limited. The decision, based on strategic alignment and risk-return framework, is not expected to materially impact the company's operations or financials.
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Vikran Engineering to Meet Analysts/Investors on Dec 16
Vikran Engineering Limited's management will engage with Analysts and Investors in a physical meeting in Mumbai on December 16th, 2025. The discussions will focus on publicly available information.
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Vikran Engineering Limited Intimates Analyst/Investor Meet on 3rd December 2025
Vikran Engineering Limited will be meeting with analysts/investors on 3rd December 2025 at the Emerging Ideas Conference 2025, hosted by Nuvama Professional Clients Group.
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VIKRAN Receives Order from Joint Commissioner under CGST Act
Vikran Engineering received an order for ₹1.22 crore related to excess ITC claims. The company will appeal the order, anticipating no financial impact.
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Vikran Engineering Receives Demand Order from GST Authority
Vikran Engineering received a demand order of ₹10.72 crore plus penalty and interest of ₹3.20 crore from GST authority, plans to appeal, and anticipates no financial impact.
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Vikran Engineering releases Q2 FY26 earnings call transcript, secures ₹1,997 crore in new solar EPC orders
Vikran Engineering released Q2 FY26 earnings call transcript, reported improved H1 financials, and secured ₹1,997 crore new solar EPC orders, significantly boosting its order book and market entry.
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Vikran Engineering reports no deviation in IPO proceeds utilization for Q2 FY26
Vikran Engineering's Q2 FY26 Monitoring Agency Report confirms no deviation in IPO fund utilization. ₹205.77 crore utilized, with ₹515.23 crore unutilized, mostly in fixed deposits.
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