Support and Resistance Levels
Past performance
About Vikran Engineering Ltd **Vikran Engineering Limited** is a diversified and rapidly growing Engineering, Procurement, and Construction (EPC) company in India. Established in 2008, the company initially operated as a financial advisory firm before shifting its focus to engineering and infrastructure services in 2015. A public entity since 2024, Vikran specializes in delivering end-to-end, turnkey solutions across power, water, railways, and solar energy sectors, catering to government entities, public sector undertakings, and private clients.
In the power sector, Vikran has notable expertise in transmission and distribution, having completed landmark projects such as 765 kV AIS bays at Raipur, 400 kV substations at Bina and Muzaffarpur, and executing 30,000 smart metering installations. Its water sector portfolio includes underground distribution networks, surface water extraction systems, overhead tanks, and integrated distribution solutions. Within railways, the company has delivered electrification and signaling projects, including 25kV overhead systems, 132 kV transmission lines, and traction substations.
The company has also expanded into renewable energy, undertaking Solar EPC projects, particularly ground-mounted solar installations. Vikran supports its operations through strategic mergers, including the 2024 amalgamation with Deb Suppliers and Farista Financial Consultants. This merger further strengthens its offerings and market presence by integrating additional expertise and infrastructure.
With a robust history of project execution, Vikran plans to raise ₹1,000 crore through its upcoming Initial Public Offering (IPO), comprising ₹900 crore from the issuance of fresh equity and ₹100 crore through an Offer for Sale. These funds are expected to bolster its expansion plans and enhance its market positioning in India's growing infrastructure and energy sectors.