Vikran Engineering Acquires 49 percent Stake in NOPL Solar Projects 

Mumbai, April 28: Vikran Engineering Limited (VEL), one of India’s emerging multi sector EPC (Engineering, Procurement, and Construction) companies, has announced the  execution of a Share Purchase Agreement to acquire a 49% equity stake in NOPL Solar Projects  Private Limited for INR 4.9 crore, marking a strategic expansion of its presence in India’s  renewable energy sector. 

NOPL Solar Projects Private Limited is engaged in the development, operation, and  maintenance of solar power projects and is associated with a 969 MW (AC) grid-connected  solar power project under Component C of the PM-KUSUM Scheme in Maharashtra. 

The strategic investment aligns with Vikran Engineering’s long-term vision of diversifying  beyond its core engineering operations and building a meaningful presence in high-growth,  future-focused sectors. As India accelerates its clean energy transition and renewable capacity  addition, the acquisition positions Vikran Engineering to participate more actively in the  country’s solar infrastructure buildout. 

Commenting on the development, Mr. Rakesh Markhedkar, CMD, Vikran Engineering  Limited, said:  

“This acquisition reflects our intent to deepen Vikran Engineering’s presence in sectors that will define  India’s next phase of infrastructure growth. Renewable energy continues to emerge as one of the most  compelling long-term opportunities within India’s infrastructure landscape, and this investment  enables us to strengthen our foothold in the solar segment. Through this partnership, we aim to  capitalize on the expanding solar ecosystem, enhance our project execution capabilities, and create  sustainable long-term value for all stakeholders.” 

The transaction also builds on Vikran Engineering’s growing momentum in the renewable  energy segment, following the company’s execution of solar power projects during FY 2025– 26. By partnering with NOPL Solar Projects, Vikran Engineering aims to enhance its  participation across the renewable energy value chain and further strengthen its capabilities  in delivering next-generation infrastructure solutions.