Vikran Engineering Approves ₹2,941 Crore Guarantee For Solar Subsidiary

Board approved corporate guarantee up to Rs 2941.19 Cr to wholly-owned subsidiary for credit facilities for solar projects, and promoter contribution up to Rs 200 Cr in tranches. Key step for wholly-owned solar portfolio moving from claimed tie-ups to board-backed debt support; first parent guarantee of this scale, central to commissioning ramp and power revenue. Sharply raises contingent leverage and equity commitment; lender names, tenure and terms still to be finalised, with disbursement pace, land closure and commissioning the near-term proof points.