Viviana Power Tech wins L1 bid for Rs 77.79 Cr MGVCL power project
VIVIANA · price
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On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 2.5 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 confirmed as L1 bidder for a Rs 77.79 crore project from MGVCL, a Gujarat state power distributor. Work involves converting 11 KV overhead lines to MVCC conductor and underground cabling in Anand City under the ROBUST-III scheme. Total unexecuted order book now exceeds Rs 1,400 crore. Letter of Intent is awaited.
Strengthens order book past Rs 1,400 crore, improving revenue visibility. Positive signal on winning state utility contracts.