Vikran Engineering Secures 45.75 MW Solar Project in Madhya Pradesh

On 26th December 2025, Vikran Engineering Ltd announced the acceptance of a Letter of Awards from M.P. Urja Vikas Nigam Limited. The award pertains to the implementation of grid-connected Solar PV based Power Plants with a total capacity of 45.75 MW AC. This project is part of the Surya Mitra Krishi Feeders Scheme, incorporating the feeder solarization component of the PM KUSUM-C scheme.

The power generated from this project will be sold to Madhya Pradesh Power Management Company Limited (MPPMCL) in Vidisha District, Madhya Pradesh. The contract is domestic in nature and spans a period of 25 years. The agreed tariff for the power sale ranges from Rs. 2.75 to Rs. 2.80 per kWh.

The project is classified as a renewable power generator (RPG) initiative. It involves the development and operation of solar power plants under the specified schemes, aimed at enhancing solar energy utilization in the region. The project does not involve any related party transactions, and there is no interest from the promoter or promoter group in the awarding entity.

M.P. Urja Vikas Nigam Limited is a state-owned entity focused on promoting renewable energy projects in Madhya Pradesh. It plays a significant role in implementing government schemes aimed at increasing the share of renewable energy in the state’s power mix.

Vikran Engineering Ltd is engaged in the development and management of infrastructure projects, with a focus on renewable energy solutions. The company is committed to expanding its portfolio in the renewable sector, aligning with national goals for sustainable energy development.