L&T Competitor Bags Power Infrastructure Contracts Across Maharashtra Worth Rs 530.80 Crore

Vikran Engineering (VEL) shares came into focus after the company secured two Letters of Award (LoAs) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for distribution infrastructure and system strengthening works across the Nashik and Kolhapur zones.

Secures Rs 530.80 Crore Power Distribution Contracts from MSEDCL Across Nashik and Kolhapur Zones

VEL has secured two Letters of Award (LoAs) aggregating to Rs 530.80 crore (excluding GST) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for distribution infrastructure and system strengthening works in Maharashtra.

The contracts, awarded under the Asian Development Bank (ADB)-funded Power Distribution Enhancement Program through National Competitive Bidding, span the Nashik and Kolhapur zones. The Nashik Zone contract is valued at Rs 235.63 crore, while the Kolhapur Zone contract stands at Rs 295.17 crore, both excluding GST. Each project is scheduled for completion within 21 months from the date of the respective LoA.

The scope of work under both contracts is on a turnkey basis, covering site survey, planning, design, engineering, manufacturing, testing, supply, transportation, installation, commissioning and documentation, including civil works. 

The projects include the development of 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 substations, renovation works, installation of distribution transformers, LT lines, HT/LT underground cabling, and GIS mapping and asset tagging.

Vikran Engineering Management Commentary

Commenting on the development, Rakesh Markhedkar, Chairman and Managing Director, Vikran Engineering Limited, said, “These two LoAs from MSEDCL under the ADB-funded program are a strong validation of our technical capabilities and our consistent execution track record in large-scale power distribution infrastructure. Winning both the Nashik and Kolhapur Zone packages through competitive national bidding is a clear vote of confidence in our engineering depth and project management capabilities. These orders meaningfully strengthen our Order Book and position us well for sustained growth as we continue to contribute to Maharashtra’s power infrastructure development and support India’s broader energy access ambitions through reliable, timely, and sustainable infrastructure delivery.”

About Vikran Engineering

Vikran Engineering Limited is an India-based engineering, procurement, and Construction (EPC) company primarily engaged in power transmission and distribution infrastructure projects. The company undertakes turnkey solutions including design, supply, installation, testing, and commissioning of substations, transmission lines, and distribution networks. It caters mainly to government utilities and power distribution companies, executing projects across multiple states in India. Vikran Engineering focuses on large-scale infrastructure development, leveraging its technical expertise and project execution capabilities to support the expansion and modernisation of power infrastructure.

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Disclaimer: The article is for informational purposes only and not investment advice.