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Vikran Engineering share price jumps 13%: How ₹2,941 crore IREDA loan boosts solar project prospects

Photo: Mint

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.

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