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 O&M Division and Halol Division.
VIVIANA · price
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On the reaction day the stock moved 4.5 pts more than Nifty Microcap 250 and 4.5 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Viviana Power Tech has been confirmed as the L1 (lowest/selected) bidder for turnkey contracts with Madhya Gujarat Vij Company Limited (MGVCL), a Gujarat state-owned power distribution utility. The scope covers supply, installation, testing and commissioning of 11 KV underground cable laying with Ring Main Units, along with MVCC (Medium Voltage Covered Conductor) overhead work, in MGVCL's Nadiad and Halol divisions under the System Improvement (SI) scheme. The contract value has not been disclosed in this filing; the company has stated that further details under SEBI Regulation 30 will follow once the Letter of Intent (LoI) is formally received. The filing is dated 25 July 2025.
Positive development as it signals new business from a state utility, supporting Viviana's order book. However, L1 status is only a preliminary win — the contract is not yet formally awarded, the order value is not disclosed, and the stock impact will depend on the size of the contract relative to company revenue and confirmation of the LoI.