Vikran Engineering has executed a Share Purchase Agreement (SPA) for acquisition of 51% equity stake in NOPL Solar Projects (Target Entity), subject to customary conditions precedent as agreed between the parties. The acquisition is in line with the company’s strategy to expand its presence in the renewable energy sector. It will enable business diversification and support long-term growth through participation in solar energy projects.
The aggregate consideration for the acquisition is Rs 5.10 crore for acquisition of 5,100 Equity Shares at a price of Rs 10,000 per Equity Share. The said acquisition has completed on May 20, 2026. Pursuant to the said acquisition and together with the earlier acquisition of 49% equity stake, the company has acquired 100% stake in the Target Entity.
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.
