Vikran Engineering’s stock is trading sharply higher at RS 107.95, up by RS 8.55 or 8.60% from its previous close of RS 99.40 on the BSE.

The stock opened at RS 105.20 and touched an intraday high of RS 108.45 and a low of RS 103.40. A total of 7,76,633 shares were traded so far.

The BSE Group ‘B’ stock, having a face value of RS 1, recorded a 52-week high of RS 116.74 on September 19, 2025, and a 52-week low of RS 91.75 on September 4, 2025. Over the past week, it has traded between RS 108.60 and RS 94.25. The company’s current market capitalization stands at RS 2,757.07 crore.

Promoter holding in the company is 56.17%, while Institutions and Non-Institutions own 18.08% and 25.75% respectively.

The surge comes after Vikran Engineering received a Letter of Award (LoA) worth RS 1,641.91 crore (plus applicable GST) from Carbonminus Maharashtra One (SPV). The contract involves engineering, procurement, and commissioning (EPC) for 505 MW (AC) capacity crystalline ground-mounted solar PV power plants under the Maharashtra State Electricity Distribution Company (MSEDCL) LIS scheme.

The project covers multiple districts across Maharashtra and is scheduled for completion within 11 months.