Vikran Engineering's shares surged significantly after the company announced it had accepted Letters of Award (LOAs) for 45.75 MW AC solar power projects in Madhya Pradesh. These projects, part of the PM KUSUM-C scheme and Surya Mitra Krishi Feeders Scheme, will be developed in Vidisha district to supply power to MPPMCL over a 25-year tenure. Tariffs for the power purchase agreements range from Rs 2.75 to Rs 2.80 per kWh. The company highlighted this as an enhancement to its presence in renewable energy programs.