Vikran Engineering Ltd

Vikran Engineering Closes ₹49.15 Crore Loan Deal with Onix Renewable 🔄

- Vikran Engineering executed a loan closure agreement worth ₹49.15 Crores with Onix Renewable on May 20, 2026.

- ₹10 Crores adjusted for acquiring shares in subsidiary NOPL Solar Projects Pvt Ltd.

- ₹39.15 Crores allocated as working capital to NOPL Solar.

- NOPL Solar is a subsidiary of Vikran Engineering, making this a related-party transaction.

- The entire loan amount has been fully settled, closing the arrangement.