Vikran Engineering Limited Wins ₹ 530.80 Crore Orders from MSEDCL
Mumbai, April 3, 2026: Vikran Engineering Limited (VEL) announced today it has received two Letters of Award (LoA) aggregating to ₹ 530.80 Crore (excluding GST) from Maharashtra State Electricity Distribution Co. Limited (MSEDCL) for the Development of Distribution Infrastructure & System Strengthening works across Nashik Zone and Kolhapur Zone in Maharashtra. The projects are part of the Power Distribution Enhancement Program funded by the Asian Development Bank (ADB), awarded through National Competitive Bidding.The Nashik Zone contract is valued at ₹ 235.63 Crore and the Kolhapur Zone contract at ₹ 295.17 Crore, both excluding GST. The work entails execution on a turnkey basis, covering site survey, planning, design, engineering, manufacturing, testing, supply, transportation, installation, commissioning, and documentation. Key deliverables include new 33/11 kV, 22/11 kV and 33/22 kV Substations, new 33 kV, 22 kV and 11 kV transmission lines, augmentation of power transformers and sub-stations, renovation works, distribution transformers, LT lines, HT/LT underground cabling, and GIS Mapping and Asset Tagging. Each contract is scheduled for completion within a 21-month timeline from the date of the respective Letter of Award.
According to Rakesh Markhedkar, Chairman and Managing Director, Vikran Engineering Limited, the awards “are a strong validation of our technical capabilities and our consistent execution track record.” He added that the orders “meaningfully strengthen our order book” and position the company for “sustained growth.”
About Vikran Engineering Limited:
Vikran Engineering Limited is an EPC player with expertise across Power Transmission & Distribution, Water Infrastructure, and Railway Electrification, with capabilities in Solar EPC and Smart Metering. The company has completed 45 projects across 14 states with clients including NTPC, Power Grid Corporation of India, state utilities, and public health departments.
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