India's Vikran Engineering extends rally after solar power order win

Vikran Engineering

29/12/2025 05:01

** Shares of Vikran Engineering VIKN.NS rise 7.8% to 108.68 rupees; on course to rise for third straight session

** Construction firm accepts letters of award on Friday for setting up grid-connected solar power projects with a total capacity of 45.75 MW in central India's Madhya Pradesh state

** VIKN will act as the renewable power generator responsible for implementation and operation of the solar plants

** Co got two other projects last week worth 25 billion rupees ($278.06 million) for solar projects in the states of Maharashtra and Uttar Pradesh

** VIKN up ~21% since Tuesday

** Stock up 13.6% since September trading debut

($1 = 89.9080 Indian rupees)

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))