Civil Construction Company Vikran Engineering Limited A rise may be seen in the shares of . The company has received contracts from MP Urja Vikas Nigam Limited to set up grid-connected solar power projects with a total capacity of 45.75 MW (AC) in Madhya Pradesh. These contracts relate to the implementation of solar photovoltaic power plants under the Surya Mitra Krishi Feeders Scheme. This includes feeder solarization as part of the PM-KUSUM programme.
The company has said in its exchange filing that the electricity generated from these projects will be sold to Madhya Pradesh Power Management Company Limited (MPPMCL). These projects will be developed in Vidisha district of Madhya Pradesh. Vikran Engineering will be responsible for the implementation and operation of solar plants as renewable power generators.
Vikran Engineering says that these contracts have been given by a domestic company and their duration is 25 years. Tariffs for the projects range between ₹2.75-2.80 per unit. These projects are part of efforts to promote feeder-level solarization for agricultural power supply and reduce dependence on conventional energy sources in the state.
Vikran Engineering The stock rose 13 percent in a week
Shares of Vikran Engineering closed at Rs 100.75 on BSE on Friday, December 26. The market cap of the company is around Rs 2600 crore. The face value of the share is Rs 1. It has risen 13 percent in a week. Promoters held 56.17 percent stake in the company by the end of September 2025. The company was listed on the stock exchanges in September 2025. Its Rs 772 crore IPO was subscribed 24.87 times.
Earlier, Vikran Engineering had received a contract worth Rs 459.2 crore from NTPC Renewable Energy. This contract is for EPC of 400 MW AC Solar Project on Balance-of-System basis at Chitrakoot-1, Uttar Pradesh. The company’s revenue on standalone basis in the July-September 2025 quarter stood at Rs 176.29 crore. It was Rs 159.16 crore in the June quarter. Net profit was Rs 9.14 crore in the September 2025 quarter and Rs 5.65 crore in the June quarter.
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