Vikran Engineering Secures ₹120.69 Crore POWERGRID Order for 400 kV GIS Substation Extension
Vikran Engineering Limited secured a ₹120.69 Crore order from POWERGRID for a 400 kV GIS Substation Extension Package. The project involves augmentation works at three key substations to enhance grid reliability and power evacuation. This order reinforces the company's position as an EPC partner for India's central transmission utility.
The order value of ₹120.69 Crore is substantial and will contribute to the company's order book, positively impacting its revenue and market position in the power transmission sector.
The company has secured a significant new order from a major public sector undertaking, which is a positive development for its business and future growth prospects.
Vikran Engineering Limited has announced the securing of a new order worth approximately ₹120.69 Crore (exclusive of GST) from Power Grid Corporation of India Limited (POWERGRID). This order is for the 400 kV GIS Substation Extension Package SS-147, which includes extension and augmentation works at the Magarwada, Vadodara, and Rajgarh GIS Substations.
The scope of work involves the design, engineering, manufacturing, testing, supply, erection, and commissioning of Gas Insulated Switchgear (GIS) equipment. These augmentation works at the three substations are crucial for strengthening the inter-regional power transmission network, enhancing grid reliability, and improving power evacuation capabilities across Gujarat, Madhya Pradesh, and the Union Territory of Dadra & Nagar Haveli and Daman & Diu. This project is expected to support the rising power demand and strengthen India's National Grid.
Mr. Rakesh Markhedkar, Chairman & Managing Director of Vikran Engineering Limited, stated that the order win reflects the confidence clients have in the company's engineering capabilities and execution track record. He emphasized the company's commitment to delivering the project with quality and timeliness, reinforcing its relationship with POWERGRID and its presence in the high-voltage GIS substation segment.
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Vikran Engineering Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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