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Vikran Engineering Agrees to Acquire Remaining Stake in NOPL Solar Projects

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Vikran Engineering (NSE:VIKRAN, BOM:544496) has agreed to acquire the remaining 51% stake in NOPL Solar Projects for 51 million Indian rupees, according to a Wednesday filing to the Indian stock exchanges.

With its earlier acquisition of 49% equity stake, the engineering, procurement, and construction company has gained 100% of NOPL.

NOPL is engaged primarily in the development, operation, and maintenance of a 969 MW (AC) grid-connected solar power project in Maharashtra, India.

The company's shares were down nearly 1% in recent trade.

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