Vikran Engineering Wins ₹120.69 Crore POWER GRID Order to Expand High-Voltage GIS Substations

Vikran Engineering Limited, a leading player in India’s power transmission EPC sector, has secured a significant engineering, procurement, and construction (EPC) order worth approximately ₹120.69 crore (excluding GST) from Power Grid Corporation of India Limited (POWER GRID). The contract was awarded through a competitive domestic bidding process for the 400 kV GIS Substation Extension Package SS-147.

This prestigious order further strengthens Vikran Engineering’s position in India’s rapidly growing power transmission infrastructure sector while reinforcing its long-standing relationship with POWER GRID.

Order Highlights

Scope of the Project

The contract involves the turnkey execution of Gas Insulated Switchgear (GIS) augmentation across three strategic power transmission substations.

Under the project, Vikran Engineering will undertake:

• Engineering and detailed design
• Manufacturing of equipment
• Factory testing
• Supply of GIS equipment
• Erection and installation
• Testing and commissioning
• Expansion of 400/220 kV GIS bays
• Associated electrical infrastructure and auxiliary systems

The project will be executed under two integrated contracts, covering both the supply of goods and installation services.

Project Locations

The GIS substation extension works will be carried out at three major POWER GRID substations:

• 400/220 kV Maharaja GIS Substation – Dadra & Nagar Haveli
• 765/400/220 kV Vadodara GIS Substation – Gujarat
• 400/220 kV Rajah Substation – Madhya Pradesh

These substations form an important part of India’s interstate electricity transmission network and are critical for ensuring uninterrupted power supply across multiple regions.

Strategic Importance of the Order

The project is expected to significantly enhance India’s power transmission infrastructure by increasing transformation capacity and improving grid reliability.

Key benefits include:

• Expansion of high-voltage transmission infrastructure
• Improved power evacuation capacity
• Enhanced inter-regional electricity transmission
• Greater grid stability and operational reliability
• Support for growing industrial and commercial power demand
• Strengthening electricity supply across Gujarat, Madhya Pradesh, and the Union Territory of Dadra & Nagar Haveli and Daman & Diu

The investment aligns with India’s ongoing efforts to modernize its transmission network and accommodate increasing electricity demand driven by industrial growth and renewable energy integration.

Management Commentary

Commenting on the achievement, Mr. Rakesh Markhedkar, Chairman & Managing Director of Vikran Engineering Limited, said the company is proud to secure another prestigious mandate from POWER GRID.

He noted that winning this project strengthens the company’s long-standing partnership with India’s largest power transmission utility while expanding Vikran Engineering’s expertise and footprint in high-voltage GIS substation projects. The order also reflects the company’s strong engineering capabilities and execution excellence in delivering complex transmission infrastructure projects.

What This Means for Investors

The ₹120.69 crore order is a positive development for Vikran Engineering and is expected to:

• Strengthen the company’s order book
• Improve revenue visibility over the execution period
• Reinforce its leadership in the power transmission EPC sector
• Enhance its credentials in high-voltage GIS substation projects
• Increase opportunities for securing future POWER GRID contracts

Government-led investments in power infrastructure, renewable energy integration, and interstate transmission corridors continue to create significant opportunities for EPC companies with proven execution capabilities.