Vikran Engineering Commissions Second Solar Plant, Scaling Renewable Push Under PM-KUSUM
Thane, May 5, 2026: Vikran Engineering Limited (VEL), a multi-sector EPC (Engineering, Procurement, and Construction) company, announced the commissioning of its second 5 MW solar power plant. The facility is located in Ambijalgaon, Ahilyanagar district, Maharashtra, and operates under the PM KUSUM Scheme. This new operational plant marks a significant milestone in the company’s expanding renewable energy portfolio, building on a 600 MW solar contract secured in December 2025.The solar facility is designed to provide reliable daytime electricity specifically for agricultural irrigation. This development aims to address persistent challenges faced by farmers in the region, including unstable grid supply and high dependence on costly diesel-powered irrigation.
The commissioning of the Ambijalgaon solar plant is expected to generate substantial annual benefits, including:
| Metric | Value |
|---|---|
| Clean Energy Generation | 10,000 MWh annually |
| CO₂ Emissions Avoided | 8,200 tonnes per year |
| Power Supply Benefit | Reliable daytime supply for irrigation pumps during the dry season |
| Land Utilization | Productive utilization of underutilized land, creating long-term revenue opportunities for local landowners |
The successful commissioning reflects Vikran Engineering's strategic push into renewable energy infrastructure. The company's approach aligns with a long-term vision focused on building future-ready infrastructure that addresses energy security, sustainability, and rural economic development simultaneously.
Commenting on the development, Mr. Rakesh Markhedkar, CMD of Vikran Engineering Limited, stated, "The commissioning of our second solar power plant under this project marks another important milestone in Vikran Engineering's renewable energy journey and reflects our commitment to building infrastructure that delivers measurable impact on the ground. Beyond clean power generation, projects like these directly support farmer livelihoods, improve rural energy reliability, and contribute meaningfully to India's sustainability goals. We remain focused on executing our solar pipeline with speed and precision as we continue to scale our renewable energy footprint across the country."
With this addition, Vikran Engineering has operationalized two solar power plants through its broader solar development pipeline. Additionally, the company reports that another 145 MW remains under active construction, indicating the overall execution pipeline is progressing as scheduled.
The company’s ability to maintain project momentum highlights its growing execution capabilities in large-scale renewable infrastructure deployment. This development underscores Vikran Engineering's strategic diversification beyond its traditional transmission and distribution business into high-growth renewable energy infrastructure.
About Vikran Engineering Limited
Vikran Engineering Limited is a diversified EPC player specializing in Power Transmission & Distribution, Water Infrastructure, and Railway Electrification. The company also leverages emerging capabilities in Solar EPC and Smart Metering. Vikran provides end-to-end turnkey solutions, spanning conceptualization, design, supply, installation, testing, and commissioning, enabling it to capture the full value chain of project execution.Historically, the company has successfully completed 45 projects across 14 states, serving marquee clients including NTPC, Power Grid Corporation of India, state utilities, and public health departments. Vikran’s asset-light model, internal design and engineering expertise, and a strong supply chain consisting of 3,500+ vendors ensure efficient mobilization and timely delivery of projects.
VIKRAN Stock Price Movement
Shares of Vikran Engineering Limited are gaining momentum, edging higher to ₹75.04 as of 1:13 PM, representing a 1.01% jump in live trading. The stock is underpinned by strong buying activity, recording a significant volume of 1.22 million shares in the current market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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