NOPL Solar Projects Private Limited, a wholly owned subsidiary of Vikran Engineering Limited, has signed a facility agreement with the Indian Renewable Energy Development Agency Limited (IREDA) for a rupee term debt of approximately Rs 29.41 billion. The debt will partly finance a 1,163 MWp (969 MWac) solar project, which will be developed across 152 locations in Maharashtra under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 scheme.
Furthermore, the project represents an estimated investment of Rs 42.01 billion. Vikran Engineering has been awarded the engineering, procurement and construction contract worth Rs 35.17 billion for the project.
Earlier, in April 2026, Vikran Engineering Limited signed a share purchase agreement to acquire a 49 per cent stake in NOPL Solar Projects Private Limited for about Rs 49 million.
