Home / Business and Economy / VEL Lands Rs 530 Cr Power Deals in Maharashtra
VEL Lands Rs 530 Cr Power Deals in Maharashtra
4 Apr
Summary
- Vikran Engineering received two significant contracts worth Rs 530.80 crore.
- The orders are for power distribution infrastructure strengthening in Nashik and Kolhapur.
- Projects include substations, cabling, and GIS mapping with a 21-month completion timeline.
Vikran Engineering (VEL) announced on April 4, 2026, that it has been awarded two substantial contracts by Maharashtra State Electricity Distribution Co. (MSEDCL), a government undertaking. These letters of award (LoA) aggregate to Rs 530.80 crore and are designated for critical power distribution infrastructure strengthening.
The two packages, valued at Rs 235.63 crore for Nashik and Rs 295.17 crore for Kolhapur, are part of an ADB-funded power distribution enhancement program. The scope of work is comprehensive, encompassing survey, design, engineering, supply, installation, and commissioning of vital assets.
These assets include the development of new substations, installation of transmission lines, transformer augmentation, underground cabling, and GIS-based asset mapping. Both projects are slated for completion on a turnkey basis within 21 months from their respective award dates.
Rakesh Markhedkar, Chairman and Managing Director of VEL, stated that these awards validate the company's technical capabilities and execution track record in large-scale power distribution projects. Winning these contracts through competitive bidding underscores their engineering depth and project management expertise.
