Vikran Engineering Share Price Surges Over 9%; Secures ₹153.76 Crore POWERGRID Order

Vikran Engineering Limited has received a ₹153.76 crore order, excluding GST, from Power Grid Corporation of India Limited (POWERGRID). The order relates to the 400 kV AIS Extension Substation Package SS-136T and was awarded through Domestic Competitive Bidding.  

The company made the announcement on 23 September 2026 through a filing with the stock exchanges. The contract is for the extension of the 400/220 kV Tumkur-II (AIS) Pooling Substation and associated work at the site.  

Work Covered Under the Project 

The project includes civil works for a ±300 MVAR STATCOM at the Tumkur-II (AIS) Pooling Substation. The work is part of transmission system strengthening for the integration of an additional 2.7 GW of renewable energy potentialthrough the tariff-based competitive bidding route.  

Vikran Engineering will undertake design and engineering, manufacture, testing and supply of equipment and materials. The scope also includes transportation, unloading, storage, erection, testing and commissioning of the required works.  

21-Month Completion Schedule 

The contract has been divided into separate arrangements covering the supply of goods and supply of services. The overall execution period is 21 months from the date of issuance of the Notification of Award.  

Vikran Engineering's Business 

Vikran Engineering operates in power transmission and distribution, water infrastructure and railway electrification, with emerging operations in solar EPC and smart metering.  

Its work covers project activities from conceptualisation and design through supply, installation, testing, and commissioning. The company said it has completed 45 projects across 14 states. Its clients include NTPC,  

POWERGRID, state utilities, and public health departments. It also has a supply network of more than 3,500 vendors, alongside in-house design and engineering capabilities.  

Read More: CEAT Share Price in Focus; Converts $24.5 Million Inter-Company Loan into Equity! 

Vikran Engineering Share Price Performance  

As of September 24, 2026, 10:30 am, Vikran Engineering share price was trading at ₹61.48, a 9.51% increase from the previous closing price. 

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Conclusion 

The ₹153.76 crore POWERGRID order covers the Tumkur-II substation extension and related works. The contract is scheduled for execution over 21 months. 

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