Viviana Power Tech Limited has informed the Exchange about Confirmation for L1 Stage-successful bidder-power supply in 11KV Feeder of Rajkot Rural & Morbi circle of PGVCL under system Improvement (SI)Scheme.
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Viviana Power Tech Limited has been confirmed as the L1 (lowest/most competitive) bidder for a power supply contract in the 11KV Feeder network of Rajkot Rural and Morbi circles. The work has been awarded by PGVCL (Paschim Gujarat Vij Company Limited), a state-owned electricity distribution company in Gujarat. The project falls under PGVCL's System Improvement (SI) Scheme aimed at strengthening the power distribution infrastructure. The announcement confirms the company's success in the bidding process, but does not disclose the order value or contract size.
This is a positive development for Viviana Power Tech as it secures a government-backed order, adding to its order book from a state electricity utility. However, without the contract value, it is difficult to gauge the financial impact on the company's revenue or stock price.