Vikran Engineering Bags ₹530.80 Crore MSEDCL Orders

Multi-sector EPC company Vikran Engineering has announced that it has received two letters of award (LoA) aggregating to INR 530.80 crore (excluding GST) from Maharashtra State Electricity Distribution Company (MSEDCL) for the development of distribution infrastructure and system strengthening works across Nashik Zone and Kolhapur Zone in Maharashtra.

Both LoAs were issued under the Power Distribution Enhancement Program funded by the Asian Development Bank (ADB), awarded through National Competitive Bidding, the company stated, further adding that the Nashik Zone contract is valued at INR 235.63 crore and the Kolhapur Zone contract at INR 295.17 crore, both excluding GST.

The work under both contracts entails 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 (including civil works), stated the company.

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 to be completed within a 21-month timeline from the date of the respective LoA, the company shared.

Commenting on the development, Rakesh Markhedkar, Chairman and Managing Director, Vikran Engineering, said, “These two LoAs from MSEDCL under the ADB-funded program are a strong validation of our technical capabilities and our consistent execution track record in large-scale power distribution infrastructure. Winning both the Nashik and Kolhapur Zone packages through competitive national bidding is a clear vote of confidence in our engineering depth and project management capabilities.”

He further added, “These orders meaningfully strengthen our order book and position us well for sustained growth as we continue to contribute to Maharashtra’s power infrastructure development and support India’s broader energy access ambitions through reliable, timely, and sustainable infrastructure delivery.”