Vikran Engineering Limited has informed the Exchange regarding a press release dated April 28, 2026, titled "Vikran Engineering Limited Acquires 49% Stake in NOPL Solar Projects Private Limited".
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Vikran Engineering Limited has entered into a Share Purchase Agreement to acquire a 49% equity stake in NOPL Solar Projects Private Limited for INR 4.9 crore. This acquisition marks Vikran Engineering's strategic expansion into India's renewable energy sector. NOPL Solar Projects is involved in the development, operation, and maintenance of solar power projects, and is associated with a 969 MW grid-connected solar power project under Component C of the PM-KUSUM Scheme in Maharashtra. The company's CMD commented that this investment aligns with Vikran's long-term vision of diversifying beyond core engineering operations into high-growth sectors. This follows Vikran's earlier execution of solar power projects during FY 2025-26.
This acquisition gives Vikran Engineering a meaningful foothold in India's solar energy segment and supports its diversification strategy beyond traditional EPC operations like power transmission, water infrastructure, and railway electrification. For shareholders, this signals the company's intent to capture growth in India's clean energy transition, though the INR 4.9 crore investment is relatively modest.