Vikran Engineering Limited

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Manufacturing / Engineering · NSE / BSE

Vikran Engineering Limited operates across multiple infrastructure sectors, with a strong focus on power transmission and distribution. The company handles extra-high voltage substations up to 400kV and transmission lines up to 765kV, along with rural electrification and network expansion projects. It is also active in water infrastructure, executing underground distribution, surface water extraction, treatment plants, and rainwater harvesting systems. In railways, the company undertakes electrification projects such as overhead electrification, traction substations, and related networks. Additionally, it is expanding in solar EPC, delivering turnkey PV projects, balance of system solutions, utility-scale solar farms, and rooftop installations. As of August 31, 2024, the company has completed 44 projects across 11 states with a total contract value of ₹18,958.14 million. It has 34 ongoing projects across 17 states worth ₹39,570.55 million, with an Order Book of ₹19,557.00 million. Major government clients include NTPC, Power Grid Corporation of India, South and North Bihar Power Distribution Companies, and Transmission Corporation of Telangana. With 195 sites and store locations nationwide, Vikran Engineering has built a strong pan-India presence. The company focuses on efficiency, cost control, and quality standards, ensuring timely project execution and safety under its “zero accident” policy. Its core values emphasize employee satisfaction, long-term customer relationships, and sustainability. Positioned as a key player in India’s infrastructure sector, it combines a diversified portfolio with a proven track record. The IPO proceeds will primarily fund working capital needs of ₹625.5 crores, representing 70% of the issue, with the balance allocated for general corporate purposes, capped at 25% of gross proceeds.