Vikran Engineering's subsidiary NOPL secured a ₹2,941.19 Crore loan from IREDA to finance a solar project. Financing for the associated internal EPC contract is now finalized.
Vikran Engineering approved a Rs. 2941.19 Crore corporate guarantee for its subsidiary. Additionally, the company will infuse Rs. 200 Crore into the subsidiary for project financing requirements.
Vikran Engineering Limited allotted Non-Convertible Debentures (NCDs) in two tranches, Tranche II and Tranche III, aggregating to ₹9.50 Crore. These unlisted securities are part of the company's debt issuance.
Vikran Engineering issued secured, unrated, unlisted, redeemable, non-convertible debentures (NCDs) aggregating to ₹20 Crore. This issuance serves as a capital-raising event for the company.