Vikran Engineering incorporated Vikran Renewable Private Limited as a wholly owned subsidiary to develop renewable energy projects.
The subsidiary has an authorized capital of ₹15 lakh and paid-up capital of ₹1 lakh, fully subscribed by the parent company.
VRPL will focus on solar power generation, EPC, and infrastructure development, acting as a holding company for future renewable investments.
This intimation is made under SEBI Regulation 30 compliance requirements for material corporate developments.