Vikran Engineering secures Rs.531-crore orders from MSEDCL in Maharashtra
- April 6, 2026
Vikran Engineering Ltd has announced the winning of two letters of award from state discom Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for power distribution works together valued at Rs.503.80 crore.
In a release, Vikran Engineering said that these orders relate to development of distribution infrastructure & system strengthening works across Nashik Zone and Kolhapur Zone in Maharashtra.
Both the letters of award fall under the Power Distribution Enhancement Program funded by Asian Development Bank (ADB), and were awarded through national competitive bidding. The Nashik Zone contract is valued at Rs.235.63 crore and the Kolhapur Zone contract, Rs.295.17 crore, both excluding GST.
Scope of work
The work under both contracts, entails execution of the project on a turnkey basis, covering end-to-end activities including site survey, planning, design, engineering, manufacturing, testing, supply, transportation, installation, commissioning, and documentation of all items and materials (including civil works).
Key deliverables include new 33/11kV, 22/11kV and 33/22kV substations, new 33kV, 22kV and 11kV transmission lines, augmentation of power transformers and substations, renovation works, distribution transformers, LT lines, HT/LT underground cabling, and GIS Mapping and asset tagging.
Each contract is scheduled to be completed within a 21-month timeline from the date of the respective letter of award, the release said.
Strong validation
Commenting on the development, Rakesh Markhedkar, Chairman and Managing Director, Vikran Engineering Limited, said, “These two LoAs from MSEDCL under the ADB-funded program are a strong validation of our technical capabilities and our consistent execution track record in large-scale power distribution infrastructure. Winning both the Nashik and Kolhapur Zone packages through competitive national bidding is a clear vote of confidence in our engineering depth and project management capabilities.
These orders meaningfully strengthen our order book and position us well for sustained growth as we continue to contribute to Maharashtra’s power infrastructure development and support India’s broader energy access ambitions through reliable, timely, and sustainable infrastructure delivery.”
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