Vikran Engineering Secures ₹530.80 Crore Orders for Distribution Infrastructure Strengthening
Vikran Engineering Limited (VEL) has received two major Letters of Award (LoA) from Maharashtra State Electricity Distribution Co. Limited (MSEDCL) for the Development of Distribution Infrastructure & System Strengthening works across Nashik Zone and Kolhapur Zone in the state of Maharashtra. The contracts, valued at ₹235.63 Crore and ₹295.17 Crore respectively, are funded by the Asian Development Bank (ADB) and were awarded through National Competitive Bidding. The work includes execution of the project on a turnkey basis, covering end-to-end activities including site survey, planning, design, engineering, manufacturing, testing, supply, transportation, installation, commissioning, and documentation of all items and materials. The contracts are scheduled to be completed within a 21-month timeline from the date of the respective Letter of Award.
Key Highlights
- Vikran Engineering Limited has secured ₹530.80 Crore orders for distribution infrastructure strengthening from MSEDCL.
- The orders are for Development of Distribution Infrastructure & System Strengthening works across Nashik Zone and Kolhapur Zone in Maharashtra.
- The contracts are funded by the Asian Development Bank and were awarded through National Competitive Bidding.
- The work includes execution of the project on a turnkey basis, covering end-to-end activities.
- Each contract is scheduled to be completed within a 21-month timeline from the date of the respective Letter of Award.
Price Impact