Viviana Power Tech Limited has informed the Exchange about Contract Awarded to Our Subsidiary Company M/s Aarsh Transformers Private Limited Amounting to Rs. 65,86,78,188.00 from M/s. Dakshin Gujarat Vij Company Ltd.
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Awaiting price reaction for this filing.
Viviana Power Tech's subsidiary, Aarsh Transformers Private Limited, has won a contract valued at Rs. 65,86,78,188 (about Rs. 65.87 crore) from Dakshin Gujarat Vij Company Ltd., a state-owned power distribution company in Gujarat. The order is for transformers, which is the core business area of the subsidiary. The contract win strengthens the order book of the subsidiary and provides revenue visibility. Dakshin Gujarat Vij is a state government DISCOM, indicating this is a government-backed utility order.
Positive for the stock — a sizeable Rs. 65.87 crore order win from a government power utility boosts the subsidiary's order book and signals business momentum, though the stock reaction will depend on the order size relative to overall revenue.