Viviana Power Tech Limited has informed the Exchange about receiving the new turnkey contract for the amount of Rs.16,16,01,371.00 from our existing client, M/s. Gujarat Energy Transmission Corporation Limited.
VIVIANA · price
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Viviana Power Tech has secured a turnkey contract valued at Rs. 16,16,01,371 (approximately Rs. 16.16 crores, inclusive of taxes) from Gujarat Energy Transmission Corporation Limited (GETCO), a Government of Gujarat undertaking. The work involves the Supply, Erection, Testing & Commissioning of a 220KV Double Circuit Bhatia-Kalavad transmission line. The client is an existing customer, making this a repeat order. The company stated that these orders will expand its customer base and contribute to profitability.
Positive development — adds to the company's order book from a creditworthy government PSU client, reducing counterparty risk. Repeat business signals client confidence, though the absolute size is modest and the impact on the stock will depend on execution timelines and the company's existing revenue base.