Vikran Engineering Limited has acquired a 49% equity stake in NOPL Solar Projects Private Limited for INR 4.9 crore, according to a BSE filing. This strategic investment marks a significant expansion of the company’s presence in India’s renewable energy sector.
The acquisition aligns with Vikran Engineering’s long-term vision of diversifying beyond its core engineering operations.
The NOPL Solar Projects is engaged in the development, operation, and maintenance of solar power projects and is associated with a 969 MW (AC) grid-connected solar power project under Component C of the PM-KUSUM Scheme in Maharashtra.
This partnership will enable Vikran Engineering to strengthen its foothold in the solar segment and capitalize on the expanding solar ecosystem.
The transaction builds on Vikran Engineering’s growing momentum in the renewable energy segment, following the company’s execution of solar power projects during FY 2025-26.
By partnering with NOPL Solar Projects, Vikran Engineering aims to enhance its participation across the renewable energy value chain and further strengthen its capabilities in delivering next-generation infrastructure solutions.
As part of the agreement, Vikran Engineering will leverage its expertise in engineering, procurement, and construction (EPC) to support the development and operation of NOPL Solar Projects.
The company’s strong execution capabilities and project management expertise will enable it to deliver high-quality projects and create sustainable long-term value for all stakeholders.
The acquisition reinforces Vikran Engineering’s position as a diversified EPC player with a strong presence in India’s renewable energy sector.
This order adds to the company’s growing pipeline of projects and strengthens its position as a leading player in the infrastructure development space.
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