Viviana Power Tech Limited has informed the Exchange about Intimation of receiving new BESS Projects from client M/s. Gujarat Urja Vikas Nigam Limited
VIVIANA · price
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Viviana Power Tech Limited has bagged a new contract worth Rs. 208.74 crore (inclusive of taxes) from Gujarat Urja Vikas Nigam Limited (GUVNL), a Gujarat state government undertaking. The work involves setting up a 65 MW / 130 MWh Battery Energy Storage System (BESS) as part of a larger 2,000 MW / 4,000 MWh standalone BESS project in Gujarat under Phase-VII tariff-based competitive bidding, supported by Viability Gap Funding. The project will be executed on a Build-Own-Operate (BOO) basis within 12 months, with a 12-year revenue/operational window from the scheduled commissioning date. The company clarified that this order value was already factored into its recent investor presentation. Promoters have no interest in GUVNL and the order is not a related-party transaction.
A sizeable new order win that adds long-term revenue visibility (12 years under BOO) and strengthens Viviana's position in India's fast-growing energy storage space. Government-backed counterparty reduces payment risk, which is positive for medium-term earnings and stock sentiment.