The investment will cover manufacturing of ingots, and wafers
The proposed IPO could become the largest public offering by a private Indian renewable energy company to date
Vikran Engineering secured a Rs 153.76 crore POWERGRID order to expand the Tumkur-II substation
The expansion involves the addition of two 300 TPD furnaces, SG-4 and SG-5, and was earlier expected to be completed by December 2026
The latest orders span India, the Middle East and the Americas and include high-voltage transmission infrastructure as well as the supply of towers, hardware and cables
The additional capacity could generate annual savings of Rs 6,200-6,700 crore, translating into a payback period of around 1.8-2.2 years
The order covers the design, manufacture, supply, transportation, installation, testing and commissioning of off-grid DC solar photovoltaic water pumping systems
The company allotted 50.11 lakh equity shares to 42 anchor investors at Rs 632 apiece, the upper end of its IPO price band
The industrial park is being developed by Tata Steel Special Economic Zone Limited, a wholly owned subsidiary of Tata Steel
IIFCL will be the sole lender for the project, with the financing carrying a repayment tenor of 19 years
The 435 MWp project is among the larger solar projects being developed in Uttar Pradesh and will add renewable power generation capacity to the state
he 4 GW expansion will be implemented in two phases of 2 GW each. The project cost, funding strategy and overall capacity plan remain unchanged following the relocation
The funds will primarily support the company’s growth plans, including acquisitions
The company has received a Rs 476 crore order from Vikran Engineering Limited for the supply of solar photovoltaic modules
The company said shipments under the order began in July 2026
The project covers the middle section of the Jagalur–Kadakola transmission line and spans about 90.07 km
