Vikran Engineering Ltd

⚡ Vikran Engineering Diversifies into Renewable Energy with 49% Solar Stake Acquisition

- Vikran Engineering Limited acquired a 49% equity stake in NOPL Solar Projects Private Limited.

- The cash consideration for the acquisition is INR 4.90 crores (INR 4,90,00,000), subject to adjustments.

- NOPL Solar Projects is a renewable energy company focused on solar power generation, incorporated in May 2024 with INR 1,00,000 paid-up capital.

- The move aligns with Vikran's strategy to diversify into renewable energy and support long-term growth through solar projects.

- Completion of the transaction is expected within 1 month from the agreement date.