Synopsis:
Viviana Power Tech Limited has won a contract worth Rs. 265.35 crore from Madhya Gujarat Vij Company Limited to convert high-tension overhead lines to underground lines under the System Improvement Scheme.
The shares of the company that specializes in the installation and commissioning of power transmission systems, as well as the maintenance of power plants, are in the spotlight after receiving an order worth Rs.265.35 crores from Madhya Gujarat Vij Company Limited.
With a market capitalization of Rs.923.16 crore, the shares of Viviana Power Tech Limited were trading at Rs.1,458.85, up by 5 percent from the previous day’s closing price of Rs.1,389.40.
New Order
Viviana Power Tech Limited has been awarded a new turnkey contract worth Rs. 265.35 crore by Madhya Gujarat Vij Company Limited. The project involves converting 11 kV high-tension overhead lines into underground or insulated lines under the system improvement scheme.
The work will be carried out across several MGVCL operational areas, including Nadiad, Halol, Dabhoi, Godhra, and Lunawada. The contract is scheduled to be completed within 16 months from the date of issuance.
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Company Overview
Viviana Power Tech Limited operates in the power sector, focusing on transmission, distribution, and industrial EPC projects. Its services include setting up power transmission systems, building and testing EHV substations, commissioning substation and transmission projects, developing power distribution networks, and laying underground cables. The company undertakes turnkey projects covering supply, civil work, erection, testing, and commissioning of different electrical systems.
It works with state government utilities, private power companies, and renewable energy developers. Most of its projects are in the EPC segment, secured either through open bidding with government utilities or through open bidding/preferential allocation from private and renewable energy players, based on performance and capabilities. Over the years, it has successfully delivered 70 plus projects and continues to grow with an order book exceeding Rs.1,003 crore.
In the first quarter of FY26, the company reported revenue from operations of Rs.31.68 crore, up from Rs.6.22 crore in the same quarter of FY25. Net profit went up to Rs.3.27 crore compared to Rs.0.45 crore a year earlier.
The company’s return on equity stands at 46.5 percent, while return on capital employed is 42.9 percent. The stock is currently valued at a P/E ratio of 41.73 with an industry average of 20.61.
Written By Jhanavi Sivakumar
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