Vikran Engineering Commissioned Second Solar Plant
Vikran Engineering Commissioned Second Solar Plant In Maharashtra.
Vikran Engineering Limited, one of the emerging multi-sector EPC companies in India, today officially announced that,
The Company has commissioned its second 5 MW solar power plant in Maharashtra, India, under the PM KUSUM Scheme. Source: BSE.
Details
According to the exchange filing, Vikran Engineering Limited (VEL) commissioned its second 5 MW solar power plant in Ambijalgaon, Ahilyanagar district, Maharashtra, on April 5, 2026, under the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM KUSUM) Scheme.
The newly operational plant marks another milestone in the company’s expanding renewable energy portfolio and reflects continued progress under the 600 MW solar contract secured in December 2025, a company spokesperson added.
Usage
According to the company management, the solar plant has been developed to provide reliable daytime electricity for agricultural irrigation, addressing longstanding challenges faced by farmers in the region due to unstable grid supply and dependence on costly diesel-powered irrigation.
The solar plant is expected to generate a significant impact, including –
- 10,000 MWh of clean energy generation annually
- 8,200 tonnes of CO₂ emissions avoided per year
- Reliable daytime power supply for irrigation pumps through the dry season
- Productive utilization of underutilized land,
- Creating long-term revenue opportunities for local landowners.
Vikran Engineering Commissioned Second Solar Plant
Management Commentary
Commenting on the latest development, Rakesh Markhedkar, CMD, Vikran Engineering Limited, said –
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.
Total Capacity
With this commissioning, VEL has now operationalized 2 solar power plants under its broader solar development pipeline.
While an additional 145 MW remains under active construction, the overall execution pipeline is progressing as scheduled, as per the BSE statement.
Market Cap: Vikran Eengineering Ltd has a total market capitalization of ₹1,920 crore as of April 5, 2026, according to the NSE data.
Technical: The stock is currently trading above its 20-day and 50-day simple moving averages and below its 100-day SMAs.
Price Performance: On a year-to-date basis, VEL’s share has declined by 25.75% and by 14% over the last three-month period. However, the company’s shares have been trading 34% higher over the last month.
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