Vikran Engineering Soars 9% on New Solar Contracts in Madhya Pradesh

• Vikran Engineering shares surged up to 9.5% intraday after securing new solar power contracts.
• The company won contracts from MP Urja Vikas Nigam Limited for 45.75 MW (AC) solar projects in Madhya Pradesh.
• Projects are under the Surya Mitra Krishi Feeders Scheme (PM-KUSUM) and will supply power to MPPMCL for 25 years.
• Vikran Engineering's shares have risen 15% in a week, with strong financial performance in Q2 FY2025.
• The company previously secured a ₹459.2 crore contract from NTPC Renewable Energy for a 400 MW solar project.

Why It Matters: New solar contracts in Madhya Pradesh fueled a significant surge in Vikran Engineering's stock.