Viviana Power Tech Limited has informed the Exchange about Confirmation of L1 Stage Successful Bidder for Power Supply Work in 11KV Feeder of Bhuj Circle of PGVCL under the System Improvement (SI) Scheme.
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Awaiting price reaction for this filing.
Viviana Power Tech Limited has been confirmed as the L1 (lowest) successful bidder for power supply work involving 11KV feeders in the Bhuj Circle area of Gujarat. The order has been awarded by PGVCL (Paschim Gujarat Vij Company Limited), which is a state-owned power distribution company in Gujarat. The work falls under the System Improvement (SI) Scheme aimed at upgrading power infrastructure. No specific order value or contract size has been disclosed in the filing. L1 status means the company has quoted the lowest price among competing bidders and is now eligible for final award.
This is a positive development as it represents a new order win from a state government-owned utility, potentially adding to the company's revenue pipeline. However, the actual financial impact remains unclear since the order value has not been disclosed, and L1 status is still subject to final award and contract execution.