Vikran Engineering forms new arm to execute ₹459 Cr, 400 MW NTPC solar projectVikran Engineering forms new arm to execute ₹459 Cr, 400 MW NTPC solar project

Introduction

Leading infrastructure company incorporated a wholly owned special purpose vehicle to execute a ₹459.20 crore 400 MW solar EPC project awarded by NTPC Renewable Energy.

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Share price movement of Vikran Engineering

On February 4, 2026, Vikran Engineering Ltd opened at ₹90.88, up 0.76% from its previous close of ₹89.15. The stock hit a high of ₹90.88 and a low of ₹89.15. By 10:06 AM, it traded at ₹89.83, up 0.76%, with a market capitalisation of ₹2,316.81 crore.

Vikran Engineering Forms Solar SPV

Vikran Engineering Limited incorporated Vikran MP Solar Private Limited on January 22, 2026, as a wholly owned subsidiary to execute a ₹459.20 crore NTPC Renewable Energy solar project in India.

The SPV was formed under EPC terms for a 400 MW AC solar project at Chitrakoot-1, Uttar Pradesh, with authorised capital ₹15 lakh and paid-up capital ₹1 lakh initially only.

Vikran Engineering subscribed 100% equity for ₹1 lakh in cash. Promoters Nakul and Vipul Markhedkar are directors. Disclosure was delayed due to technical issues on the MCA portal earlier filings.

Stock performance of Vikran Engineering for Period of 1 week and 1 month

Vikran Engineering Ltd delivered a negative return of 2.28% over the past week and declined by 8.56% over the past one month.

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Shareholding pattern of Vikran Engineering

Particulars	Dec 2025	Sep 2025
Promoter	56.20%	56.20%
FII	1.60%	2.40%
DII	8.50%	12.60%
Public	33.70%	28.80%

About Vikran Engineering

Vikran Engineering Limited (NSE: VIKRAN) is an EPC company founded in 2008, providing turnkey infrastructure services across power transmission, water infrastructure, and railway projects.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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