Vikran Engineering

Vikran Engineering has won a landmark solar order worth Rs 2,000 crore, marking a significant milestone in India’s renewable energy expansion. The contract, covering the design, supply, and installation of large-scale solar infrastructure, positions the company as a key player in the country’s energy transition. Industry analysts view the order as a validation of Vikran’s technical capabilities and its capacity to handle mega projects. The development not only bolsters the company’s revenue outlook but also reflects growing government and corporate focus on sustainable energy solutions.

Vikran Engineering Ltd. has successfully raised Rs. 231.6 crore through anchor investors ahead of its upcoming initial public offering (IPO). The pre-IPO allocation signals strong institutional confidence in the company’s fundamentals and growth potential. Scheduled to open for subscription later this week, the IPO is expected to draw attention from both retail and institutional investors. Proceeds from the issue will be directed toward debt reduction, funding working capital requirements, and supporting business expansion.