Business updates13 Oct 2026 · Tue
VIKRANVikran Engineering
Vikran Engineering closes 11.91% higher; its subsidiary secured a ₹2,941 crore IREDA loan
Vikran Engineering's wholly owned subsidiary NOPL Solar Projects secured a ₹2,941.19 crore loan from IREDA for a 969 MW solar project in Maharashtra. Vikran holds the ₹3,517.98 crore contract to build it.
Price, Tuesday's close₹62.29▲ 11.91%
Last 5 days
52-week low ₹51.1052-week high ₹118.40
- Sector
- Engineering and solar EPC
What happened
- NOPL Solar Projects, a wholly owned subsidiary of Vikran Engineering, secured a loan of ₹2,941.19 crore from the Indian Renewable Energy Development Agency (IREDA), according to Upstox and Sahi.
- The loan part-funds a solar project of 969 MWac (1,163 MWp) at 152 sites in Maharashtra, under the state's Mukhyamantri Saur Krushi Vahini Yojana 2.0 scheme. Upstox gave the total project cost as ₹4,201.70 crore.
- Vikran Engineering holds the engineering, procurement and construction (EPC) contract for the project, valued at ₹3,517.98 crore. The contract itself was reported earlier, on 26 June 2026 (Angel One), so it is not part of Tuesday's news.
- Upstox said the shares rose as much as 15% to ₹64 during the session, on volume of 4.9 crore shares, about 67 times the one-week average. They closed at ₹62.29, up 11.91%.
Why it matters
Good to know: MWac is the power a solar plant can feed into the grid. MWp is the peak output of its panels, which is why the two figures differ.
Key facts
- IREDA loan
- ₹2,941.19 crore
- Project size
- 969 MWac / 1,163 MWp, 152 sites
- Total project cost
- ₹4,201.70 crore
- Vikran's EPC contract
- ₹3,517.98 crore
Read the source
This is a summary of public news about Vikran Engineering, for information only. It is not a recommendation to buy, sell or hold VIKRAN.
Vikran Engineering in the news before
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