Viviana Power Tech Limited has informed the Exchange about receiving a new turnkey contract for amounting to Rs.2,65,35,31,995.00 (Rupees Two Hundred Sixty-Five Crore Thirty-Five Lakh Thirty-One Thousand Nine Hundred Ninety-Five Only), inclusive of taxes, from client M/s. Madhya Gujarat Vij Company Limited (MGVCL).
VIVIANA · price
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Viviana Power Tech Limited has secured a new turnkey contract valued at Rs. 2,65,35,31,995 (approximately Rs. 265.35 crore) inclusive of taxes. The contract has been awarded by M/s. Madhya Gujarat Vij Company Limited (MGVCL), a Gujarat-based power distribution utility. As a turnkey project, Viviana Power Tech will likely be responsible for end-to-end execution including design, supply, and commissioning. This is a sizeable order that is expected to contribute to the company's revenue and order book going forward.
This is a significant order win that strengthens the company's order book and provides revenue visibility. For shareholders, this is a positive development as it signals business momentum and credibility with a public-sector utility client, though the stock reaction will depend on the order size relative to the company's annual revenue.