Vikran Engineering wins 45.75 MW solar project in Madhya Pradesh

Govt Defence OrderBusiness Updates View source PDF Explain this filing

VIKRAN · price

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Price reactionminutes from the announcement price · days from the prior close

+2.4%Reaction day

₹100.75

prior close

₹101.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.8%+3.2% vs market

Civil Construction peers, median of 94sector-1.4%+3.8% vs sector

On the reaction day the stock moved 3.2 pts more than Nifty Microcap 250 and 3.8 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

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15m

-0.6

30m

+2.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.4-0.8+3.2-1.4+3.8

Next day

+3.4-0.8+4.3-1.9+5.3

-0.8+0.6-1.4-0.8-0.1

-0.1+0.8-0.9-0.6+0.4

-1.5+1.7-3.2+0.7-2.2

-3.3+2.0-5.2-1.2-2.0

-1.7+1.3-3.0-1.9+0.2

15d

-10.9-7.1-3.8-10.1-0.8

-11.8-6.8-5.0-12.6+0.8

-33.5-7.1-26.4-14.5-19.0

-48.4-15.7-32.6-27.3-21.1

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 94Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Vikran Engineering has accepted Letter of Awards from M.P. Urja Vikas Nigam Limited, a Madhya Pradesh state entity, to build grid-connected solar power plants of 45.75 MW AC capacity in Vidisha district. The project is under the PM KUSUM-C Surya Mitra Krishi Feeders Scheme. Power will be sold to MPPMCL at a tariff of Rs. 2.75 to 2.80 per kWh over 25 years. Domestic order, no related party interest.

Likely market impact

Adds long-term revenue visibility from a state-backed renewable energy contract. Positive signal for the order book and growth.