Vikran Engineering share price jumps 13%: How ₹2,941 crore IREDA loan boosts solar project prospects
Indian markets moved higher in an energy transition development.
· LiveMint Markets
Vikran Engineering shares rose over 13% after subsidiary NOPL Solar Projects signed a ₹2,941.19 crore loan agreement with IREDA to partly fund a 969 MWac solar project in Maharashtra. The company said the agreement creates no direct liability unless a proposed corporate guarantee is executed.
The analysis
The shift to renewables is redrawing which energy names are structural winners versus stranded.