Vikran Engineering Limited (VEL) has announced the receipt of two major Letters of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL), with a combined value of ₹530.80 crore (excluding GST). The contracts cover distribution infrastructure development and system strengthening works across the Nashik and Kolhapur zones in Maharashtra.
The projects have been awarded under the Asian Development Bank (ADB)-funded Power Distribution Enhancement Program through a competitive national bidding process. The Nashik Zone contract is valued at ₹235.63 crore, while the Kolhapur Zone contract stands at ₹295.17 crore, both excluding GST.
The scope of work under these turnkey contracts includes comprehensive end-to-end project execution. This encompasses site surveys, planning, design, engineering, manufacturing, testing, supply, transportation, installation, commissioning, and documentation, along with associated civil works. Key deliverables include the establishment of new substations across voltage levels such as 33/11 kV, 22/11 kV, and 33/22 kV, along with the construction of transmission lines and augmentation of existing infrastructure.
Additional components of the projects involve renovation works, installation of distribution transformers, development of low-tension and high-tension lines, underground cabling, and implementation of GIS mapping and asset tagging systems. Both projects are scheduled for completion within 21 months from the date of award.
Commenting on the development, Rakesh Markhedkar, Chairman and Managing Director of Vikran Engineering Limited, stated that securing both contracts reflects strong technical capability and a consistent track record in executing large-scale infrastructure projects. He highlighted that the wins reinforce the company’s position in the power distribution segment and support its long-term growth plans.
Vikran Engineering Limited operates as a diversified EPC company with expertise in power transmission and distribution, water infrastructure, and railway electrification. The company is also expanding into solar EPC and smart metering solutions. Its integrated approach covers the entire project lifecycle, enabling efficient delivery and value creation.
With over 45 completed projects across 14 states and a broad vendor network, Vikran continues to strengthen its execution capabilities. The newly secured orders further enhance its project portfolio and contribute to improving power infrastructure reliability in Maharashtra while supporting broader energy access goals in India.
