Viviana Power Tech Limited has informed the Exchange about Confirmation of L1 Status as Successful Bidder for Underground Cable Laying and MVCC Work under SI Scheme for MGVCL under Nadiad Dabhoi Division.
VIVIANA · price
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Viviana Power Tech Limited has been declared the L1 (lowest) bidder for a turnkey contract from MGVCL (Madhya Gujarat Vij Company Limited), a Gujarat state power distribution utility. The scope of work involves supply, installation, testing and commissioning of 11 KV underground cable laying with Ring Main Unit systems, along with MVCC overhead conductor work, under the System Improvement (SI) scheme in the Nadiad Dabhoi Division. The exact contract value has not been disclosed and will be shared once the Letter of Intent of Award is received from the client. The company operates in the power transmission and distribution EPC space, undertaking projects up to 400 KV systems.
Winning L1 status is a positive development as it strengthens the company's order book in its core power T&D EPC business, though the absence of a disclosed contract value limits immediate quantification of the financial impact. Investors should watch for the follow-up announcement with the Letter of Intent for clarity on deal size.