India's Vikran Engineering rises on $57-million distribution infrastructure order

Vikran Engineering

06/04/2026 06:00

** Shares of Vikran Engineering VIKN.NS rise 9.3% to 60.55 rupees

** The construction firm secures an order worth 5.31 billion rupees ($57.2 million) from the Maharashtra State Electricity Distribution Company

** VIKN says each contract is scheduled to be completed within a 21-month timeline from the date of the respective Letter of Award

** Co on track for its biggest single-day gain since last December, if gains hold

** Including session's gains, stock is down 39.34% YTD

** VIKN trades at a trailing 12-month price-to-earnings ratio of 19.45, compared with the industry median of 13.92 - LSEG

($1 = 92.8800 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)

 ((Abhinav.Parmar@thomsonreuters.com;))