Vikran Engineering Share Price Today

Vikran Engineering subsidiary secures ₹2,941 crore loan for 969 MW solar project

NOPL Solar Projects, a wholly owned subsidiary of Vikran Engineering, secured a ₹2,941.19 crore term loan from IREDA. The loan finances a 969 MWac / 1,163 MWp solar photovoltaic project across 152 locations in Maharashtra. The total estimated project cost is ₹4,201.70 crore, with the balance funded via promoter contribution. Vikran Engineering’s EPC contract worth ₹3,517.98 crore for the project is now fully financed. No direct liability exists on the parent company currently, though a corporate guarantee is planned.

Vikran Engineering receives ₹7.8 crore tax notice for FY23

Vikran Engineering received a GST show cause notice for FY23. Total demand raised is approximately ₹7.8 crore. Allegation centers on GST TDS turnover mismatch. Company states no material impact on financials or operations.

Vikran Engineering to host investor meet with Arihant Capital on Sep 29

Vikran Engineering Limited schedules a virtual investor meet for September 29, 2026. The meeting is part of the Bharat Connect Conference hosted by Arihant Capital Markets. Discussions will rely solely on generally available information, excluding UPSI. The interaction follows a group meeting format with analysts and investors.

Vikran Engineering wins ₹153.76 crore order from POWERGRID

Vikran Engineering secured a ₹153.76 crore work order from POWERGRID. Order covers 400/220 kV Tumkur-II substation extension and STATCOM civil works. Total disclosed order book stands at ₹7,865.07 crore, offering 25 quarters of revenue coverage. Q1FY27 net profit contracted to ₹4.00 crore from ₹56.00 crore in Q4FY26. Operating cash flow remained negative at ₹437.00 crore in FY26 due to expansion costs.

Vikran Engineering receives ₹5.34 Cr GST demand notice for FY23

Received GST demand cum show cause notice of ₹5.34 crore for FY 2022-23. Penalty of ₹53.44 lakh levied alongside the tax demand by CGST Patna-I. Alleged violations include GSTR-2A/3B mismatches and RCM non-payment. Company states no material impact on financial or operational activities.

Vikran Engineering wins ITAT order, drops ₹6.80 Cr addition for AY17

ITAT Mumbai dropped a ₹3.97 crore tax demand and ₹6.80 crore income addition for Vikran Engineering for AY 2016-17. Tribunal upheld the genuineness of unsecured loans totaling ₹6.37 crore and interest disallowance of ₹42.54 lakh. Contingent liability of ₹3.97 crore disclosed in books stands extinguished following the favorable order. Order dated September 15, 2026, received on September 22, 2026, reverses earlier CIT(A) decision.