+
Vikran Engineering Wins Rs. 1.54 bn Power Grid Order
POWER & RENEWABLE ENERGY

Vikran Engineering Wins Rs. 1.54 bn Power Grid Order

Vikran Engineering’s shares rose 9.06 per cent to Rs. 61.15 after the company secured an order worth approximately Rs. 1.54 bn from Power Grid Corporation of India. The contract covers the 400 kV air-insulated switchgear (AIS) extension substation package SS 136T and will add to the company’s order book.

The project involves extending the 400/220 kV Tumkur-II AIS pooling substation and carrying out civil works for a 300 MVAR static synchronous compensator (STATCOM) at the same facility. It forms part of a transmission system strengthening initiative at Tumkur-II to support the integration of an additional 2.7 GW of renewable energy through the tariff-based competitive bidding route.

Vikran Engineering’s responsibilities include the design, engineering, manufacture, testing and supply of equipment and materials. The scope also covers transportation, unloading, storage, erection, testing and commissioning required for the complete execution of the package.

The work has been structured through separate contracts for the supply of goods and services. The overall execution schedule is 21 months from the date on which the notification of award is issued. Chairman and managing director Rakesh Markhedkar said the order would strengthen the company’s presence in high-voltage transmission infrastructure and demonstrate its capability to execute complex substation and grid projects.

The company operates as an engineering, procurement and construction (EPC) player across power transmission and distribution, water infrastructure and railway electrification, with emerging capabilities in solar EPC and smart metering. In the first quarter of FY27, consolidated net profit fell 29.38 per cent to Rs. 39.9 mn, while revenue increased 11.04 per cent to Rs. 1.42 bn compared with the corresponding quarter of FY26.

Vikran Engineering’s shares rose 9.06 per cent to Rs. 61.15 after the company secured an order worth approximately Rs. 1.54 bn from Power Grid Corporation of India. The contract covers the 400 kV air-insulated switchgear (AIS) extension substation package SS 136T and will add to the company’s order book. The project involves extending the 400/220 kV Tumkur-II AIS pooling substation and carrying out civil works for a 300 MVAR static synchronous compensator (STATCOM) at the same facility. It forms part of a transmission system strengthening initiative at Tumkur-II to support the integration of an additional 2.7 GW of renewable energy through the tariff-based competitive bidding route. Vikran Engineering’s responsibilities include the design, engineering, manufacture, testing and supply of equipment and materials. The scope also covers transportation, unloading, storage, erection, testing and commissioning required for the complete execution of the package. The work has been structured through separate contracts for the supply of goods and services. The overall execution schedule is 21 months from the date on which the notification of award is issued. Chairman and managing director Rakesh Markhedkar said the order would strengthen the company’s presence in high-voltage transmission infrastructure and demonstrate its capability to execute complex substation and grid projects. The company operates as an engineering, procurement and construction (EPC) player across power transmission and distribution, water infrastructure and railway electrification, with emerging capabilities in solar EPC and smart metering. In the first quarter of FY27, consolidated net profit fell 29.38 per cent to Rs. 39.9 mn, while revenue increased 11.04 per cent to Rs. 1.42 bn compared with the corresponding quarter of FY26.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Madhya Pradesh Plans Airport Every 150 Km, Airstrip Every 75 Km

The Madhya Pradesh government plans to establish an airport every 150 km, an airstrip every 75 km and a helipad every 45 km, according to the state aviation department. Airports being developed in Ujjain and Shivpuri are expected to take the state’s airport count to 10. The government stated that Madhya Pradesh currently has eight airports in eight cities. The locations named by the department include Indore, Bhopal, Jabalpur, Gwalior, Khajuraho, Rewa and Satna. The state also has more than 20 airstrips and 220 helipads, while permanent helipads are planned in all 230 Assembly constituencies..

Next Story
Infrastructure Transport

West Bengal Plans Four Airports for 2028 Completion Under UDAN

West Bengal will develop four new airports under an agreement signed between the Union Civil Aviation Ministry and the state government, with all facilities targeted for completion by 2028. Union Civil Aviation Minister K Rammohan Naidu said the airports would be located at Charra in Purulia, Kalaikunda in Paschim Medinipur, Balurghat in Dakshin Dinajpur and Hasimara in Alipurduar. The project is part of the Centre’s regional connectivity UDAN programme. The Union government has committed Rs. 290 bn for West Bengal’s aviation sector over the next decade, while the state government will pro..

Next Story
Infrastructure Transport

Mumbai Airport Bars Russian Airlines as Agent Seeks Ministry Intervention

Mumbai airport has stopped accepting cargo booked on Russian flag carrier Aeroflot, disrupting shipments and prompting the airline’s cargo sales agent, Delmos Aviation, to seek intervention from the Ministry of Civil Aviation. The restrictions also affect cargo booked on Volga-Dnepr Airlines, according to a letter submitted by Delmos Aviation to the ministry on September 30. Aeroflot operates daily flights between Moscow and Delhi and runs a winter seasonal service to Goa. Bonded cargo from Mumbai and other cities is transported by road to Delhi before being flown to Russia. The agent said t..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code