Vikran Engineering Commissions Second Solar Plant, Scales Distributed Renewable Push Under PM-KUSUM

Vikran Engineering Limited (VEL), one of India's emerging multi-sector EPC (Engineering, Procurement, and Construction) companies, today announced the commissioning of its second 5 MW solar power plant in Ambijalgaon, Ahilyanagar district, Maharashtra, under the 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.

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 Ambijalgaon solar plant is expected to generate significant annual 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

The commissioning reflects Vikran Engineering's strategic expansion into renewable energy infrastructure, aligned with its long-term vision of building future-ready infrastructure that addresses energy security, sustainability, and rural economic development simultaneously.

Commenting on the development, Mr. 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."

With this commissioning, Vikran Engineering has now operationalized 2 solar power plants under its broader solar development pipeline, while an additional 145 MW remains under active construction, with the overall execution pipeline progressing as scheduled.

The company's ability to maintain project momentum despite the operational complexities of executing in monsoon-prone geographies, while coordinating across government agencies, land partners, contractors, and supply chains, demonstrates its growing execution capabilities in large-scale renewable infrastructure deployment.

The development further highlights Vikran Engineering's strategic diversification beyond its traditional transmission and distribution business into high-growth renewable energy infrastructure.

Shares of Vikran Engineering Limited was last trading in BSE at Rs. 74.60 as compared to the previous close of Rs. 74.26. The total number of shares traded during the day was 87597 in over 918 trades.

The stock hit an intraday high of Rs. 76.10 and intraday low of 73.62. The net turnover during the day was Rs. 6522320.00.

Source : Equity Bulls

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