Vikran Engineering Limited executed a Share Purchase Agreement to acquire 49% equity stake in NOPL Solar Projects Private Limited for INR 4.9 crore.
NOPL Solar is developing a 969 MW grid-connected solar power project under Maharashtra's PM-KUSUM Scheme Component C.
The acquisition represents Vikran's strategic expansion into renewable energy sector beyond its core EPC operations.
Company CMD stated this investment aligns with long-term vision to participate in India's solar infrastructure buildout.