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.
The order win of 45.75 MW is significant for the company's renewable energy portfolio and contributes to its revenue stream, but it is not a transformative event for the entire company's valuation.
The company has secured new orders for solar power projects, indicating business growth and expansion in the renewable energy sector.
Vikran Engineering Limited (VEL) has accepted Letters of Award (LOAs) from M.P. Urja Vikas Nigam Limited for the implementation of grid-connected Solar PV based power plants with a total capacity of 45.75 MW AC in Vidisha district, Madhya Pradesh.
These projects will be developed under the Surya Mitra Krishi Feeders Scheme, focusing on feeder solarisation as part of the PM KUSUM-C scheme. The generated power will be sold to Madhya Pradesh Power Management Company Limited (MPPMCL).
As a Renewable Power Generator (RPG), Vikran Engineering will implement these solar power plants, which will have a power purchase tenure of 25 years. The tariffs for the power sold are specified to range between ₹2.75 per kWh and ₹2.80 per kWh.
The company confirmed that these contracts were awarded by a domestic government entity and do not constitute related party transactions. This development is expected to strengthen Vikran Engineering's position in decentralized and utility-scale solar projects, particularly those contributing to agricultural feeder solarisation and renewable energy integration.
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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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