Vikran Engineering Secures Major Solar Project Under PM-KUSUM Scheme; Shares Surge

• Vikran Engineering Ltd received a Letter of Award for 45.75 MW (AC) grid-connected solar projects in Madhya Pradesh.
• Projects are part of the PM-KUSUM scheme's Surya Mitra Krishi Feeder Scheme for feeder solarization.
• The company will establish and operate the solar plants in Vidisha district for 25 years, selling power to MPPMCL.
• Tariff for the projects is set between ₹2.75 to ₹2.80 per unit.
• Vikran Engineering's shares closed up 4.52% at ₹100.75 on Friday, with a 5.27% rise over the past year.

Why It Matters: Vikran Engineering wins a significant 45.75 MW solar project, boosting its renewable energy portfolio.