Vikran Engineering Secures ₹531 Crore Orders from MSEDCL
Filing Summary
Vikran Engineering Limited has received two Letters of Award totaling ₹530.80 Crore from Maharashtra State Electricity Distribution Co. Limited (MSEDCL) for projects in Nashik and Kolhapur Zones. The contracts, part of the ADB-funded Power Distribution Enhancement Program, involve comprehensive infrastructure development. The Nashik Zone contract is valued at ₹235.63 Crore, while the Kolhapur Zone contract is ₹295.17 Crore. Both projects are to be completed within 21 months. This development enhances Vikran’s order book and underscores its role in Maharashtra’s power infrastructure projects.
Vikran Engineering Limited announced the receipt of two significant Letters of Award from Maharashtra State Electricity Distribution Co. Limited (MSEDCL), amounting to ₹530.80 Crore. These awards are for the development of distribution infrastructure and system strengthening in the Nashik and Kolhapur Zones of Maharashtra. The contracts are part of the Power Distribution Enhancement Program funded by the Asian Development Bank (ADB) and were secured through national competitive bidding.
The financial terms of the contracts specify that the Nashik Zone project is valued at ₹235.63 Crore, while the Kolhapur Zone project is valued at ₹295.17 Crore. Both figures are exclusive of Goods and Services Tax (GST). The total order value of ₹530.80 Crore represents a substantial addition to Vikran Engineering’s order book. These contracts are part of the company’s ongoing business operations and are expected to be executed under standard commercial terms.
The scope of work for these contracts includes a comprehensive range of activities necessary for the enhancement of power distribution infrastructure. The projects will be executed on a turnkey basis, covering site survey, planning, design, engineering, manufacturing, testing, supply, transportation, installation, commissioning, and documentation. Key deliverables include the construction of new 33/11 kV, 22/11 kV, and 33/22 kV substations, new transmission lines, augmentation of power transformers and substations, renovation works, distribution transformers, LT lines, HT/LT underground cabling, and GIS mapping and asset tagging.
The contracts are scheduled for completion within a 21-month timeline from the date of the respective Letters of Award. This timeline includes all phases of project execution, from initial planning to final commissioning. The projects are part of a broader initiative to enhance power distribution capabilities in Maharashtra, supported by funding from the Asian Development Bank.
Maharashtra State Electricity Distribution Co. Limited (MSEDCL) is a government undertaking responsible for electricity distribution in the state of Maharashtra. The company plays a crucial role in ensuring reliable power supply across the region and is involved in various infrastructure development projects to improve distribution efficiency and capacity.
Vikran Engineering Limited is a diversified EPC company with expertise in Power Transmission & Distribution, Water Infrastructure, and Railway Electrification. The company provides end-to-end turnkey solutions, enabling it to capture the full value chain of project execution. Vikran Engineering’s asset-light model and strong supply chain facilitate efficient project delivery, supporting its strategic focus on infrastructure development across India.