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Vikran Engineering bags LoAs worth Rs 530.80 crore

04 Apr 2026 Evaluate

Vikran Engineering (VEL) has received two major Letters of Award (LoA) aggregating to Rs 530.80 crore (excluding GST) from Maharashtra State Electricity Distribution Company (MSEDCL), a Government of Maharashtra Undertaking, for the Development of Distribution Infrastructure & System Strengthening works across Nashik Zone and Kolhapur Zone in the state of Maharashtra. Both LoAs were issued under the Power Distribution Enhancement Program funded by the Asian Development Bank (ADB), awarded through National Competitive Bidding. The Nashik Zone contract is valued at Rs 235.63 crore and the Kolhapur Zone contract at Rs 295.17 crore, both excluding GST.

The work under both contracts, entails execution of the project on a turnkey basis, covering end-to-end activities including site survey, planning, design, engineering, manufacturing, testing, supply, transportation, installation, commissioning, and documentation of all items and materials (including civil works). Key deliverables include new 33/11 kV, 22/11 kV and 33/22 kV Substations, new 33 kV, 22 kV and 11 kV transmission lines, augmentation of power transformers and sub-stations, renovation works, distribution transformers, LT lines, HT/LT underground cabling, and GIS Mapping and Asset Tagging. Each contract is scheduled to be completed within a 21-month timeline from the date of the respective Letter of Award. 

Vikran Engineering is an EPC Company offering a wide range of integrated end to end services including infrastructures project, power transmission and distribution, Extra High Voltage (EHV) substation and water infrastructure including design, supply, civil works, construction, testing and commissioning.

Vikran Engineering Share Price

76.34 -0.58 (-0.75%)
08-May-2026 16:59 View Price Chart
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