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The world's energy markets fell first with the war and in the 2nd month the conflict is escalating beyond petrol price hikes, triggering a slew of economic pressures for India, one of the world's largest crude oil importers. Growth forecasts were trimmed, inflation risks are flashing red, the import bill is set to rise and the government has to handle a fiscal burden of nearly Rs 2 lakh crore. Oil price uncertainty index captured the scale of the disruption better than every other indicator. By December 2025, it had climbed to 208 while it surged to 773.5, nearly four times the December peak in March 2026. Sehul Bhatt, director at Crisil Intelligence, says that 'In March, Brent crude increased to $110'120 per barrel, while spot prices of Asian liquefied natural gas nearly doubled to $20'25 per MMBtu,' and suggests that even though there are early signs of 'demand moderation', supply uncertainty and logistics constraints are keeping import costs elevated.

Vikran Engineering said that it has secured Rs 530.80 crore worth of distribution infrastructure orders from Maharashtra State Electricity Distribution Company (MSEDCL), a Government of Maharashtra undertaking. These contracts are for undertaking distribution infrastructure strengthening works in the Nashik and Kolhapur zones under the ADB-funded power distribution enhancement program. The Nashik package is valued at Rs 235.63 crore, while the Kolhapur package stands at Rs 295.17 crore. The scope includes end-to-end EPC execution covering survey, design, engineering, supply, installation and commissioning of distribution infrastructure, including new substations, transmission lines, transformer augmentation, underground cabling and GIS-based asset mapping. Both projects are to be executed on a turnkey basis with a completion timeline of 21 months from the respective award dates. Rakesh Markhedkar, chairman and managing director, Vikran Engineering, said: These two LoAs from MSEDCL under the ADB-funded program are a strong validation of our technical capabilities and our consistent execution track record in large-scale power distribution infrastructure. Winning both the Nashik and Kolhapur Zone packages through competitive national bidding is a clear vote of confidence in our engineering depth and project management capabilities. Vikran Engineering provides end-to-end services from conceptualization, design, supply, installation, testing, and commissioning on a turnkey basis and has a presence across multiple sectors, including power, water, and railway infrastructure. The company had reported a 37.9% decline in standalone net profit to Rs 20.91 crore on a 0.5% rise in net sales to Rs 266.46 crore in Q3 FY26 as compared with Q3 FY25. The scrip had lost 0.34% to end at Rs 55.38 on the BSE yesterday.

Himalaya Food Intl. will hold a meeting of the Board of Directors of the Company on 7 April 2026.