Viviana Power Tech Wins L1 Bid for 777.9 Mln Rupee Project

VADODARA — Power infrastructure engineering and EPC specialist Viviana Power Tech Limited has emerged as the lowest (L1) bidder for a major power distribution modernizing contract valued at approximately 777.9 million rupees ($9.3 million; Rs 77.79 crore) from state power discom Madhya Gujarat Vij Company Limited (MGVCL). The commercial milestone, disclosed through regulatory filings submitted to stock exchange authorities on Thursday, expands the company's total unexecuted order pipeline to over 14 billion rupees (Rs 1,400 crore) across high-voltage transmission, distribution, and underground electrical networking segments.

Technical Scope and Grid Modernization

Under the technical specifications of the tender issued under the System Improvement (SI) Scheme ROBUST-III, Viviana Power Tech will execute the conversion and undergrounding of high-tension (HT) distribution networks.

The operational mandate encompasses:

• Overhead Line Upgradation: Conversion of high-tension 11 kV open overhead conductors (55 sq mm and 100 sq mm) to Medium Voltage Covered Conductors (MVCC).

• Underground Cabling: Laying, jointing, and commissioning of underground power cable networks across designated urban sections.

• Zonal Execution: Grid enhancement works across the Anand City Division as well as Operations and Maintenance (O&M) circles within MGVCL's jurisdiction.

• Testing and Safety Commissioning: End-to-end electrical protection testing, load verification, and system integration compliant with state distribution safety codes.

The deployment of covered conductors and underground cabling is designed to prevent accidental conductor contacts, lower aggregate technical and commercial (AT&C) losses, and mitigate outage risks caused by severe weather events.

Order Book Scaling and Financial Momentum

The L1 bid confirmation of 777.9 million rupees adds to Viviana Power Tech’s recent series of turnkey utility wins across Gujarat. The company has secured several substantial mandates from state distribution companies, including Paschim Gujarat Vij Company Limited (PGVCL) and Dakshin Gujarat Vij Company Limited (DGVCL).

Operating across power transmission, substations, and industrial engineering procurement and construction (EPC), Viviana Power Tech has experienced rapid capacity scaling. The growth in its order book to over Rs 1,400 crore provides multi-year revenue visibility and enhances asset utilization across its civil and electrical construction teams.

For institutional and public investors, recurring state distribution contract conversions indicate strong competitive pricing and execution capability in municipal underground cabling and high-voltage grid upgrades.

Governance and Regulatory Clearances

In its statutory filing submitted under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Viviana Power Tech confirmed that the L1 status was achieved through standard transparent e-tendering.

The company confirmed that:

• The transaction is an ordinary domestic commercial infrastructure contract awarded via competitive bidding.

• The mandate does not qualify as a related-party transaction.

• Neither promoters, directors, nor key managerial personnel hold any financial or equity interest in MGVCL.

• Comprehensive commercial details will be formally released upon the receipt of the definitive Letter of Intent or Award (LOA).

Official Sources Section

Order details, bidding confirmations, and regulatory submissions were sourced directly from statutory notifications published by Viviana Power Tech Limited on the National Stock Exchange of India, alongside regulatory oversight frameworks administered by the Securities and Exchange Board of India and power grid development guidelines from the Ministry of Power.

Quote Section

According to official corporate filings submitted by Viviana Power Tech Limited:

"The company has received bid confirmation for the L1 Stage as the successful bidder for an amount of Rs. 77.79 Crore under the SI Scheme ROBUST-III for MGVCL. These project awards and L1 positions further enhance the company's order book, taking the total unexecuted projects value to over Rs. 1,400.00 Crore, reflecting an expanding footprint in high-value power infrastructure."

Why It Matters

Upgrading open overhead conductors to covered MVCC and subterranean cabling directly addresses electricity supply reliability in dense urban centers like Anand. For local businesses and residential consumers, this modernization curbs tripping incidents, lowers power transmission losses, and improves public electrical safety, while solidifying Viviana Power Tech's position as a core contractor for state utility transformations.

Key Facts at a Glance

• Company: Viviana Power Tech Limited (NSE: VIVIANA).

• Project Value: 777.9 million Indian rupees (~₹77.79 crore).

• Awarding Utility: Madhya Gujarat Vij Company Limited (MGVCL).

• Scope: 11 kV open line conversion to MVCC and underground networking in Anand City.

• Unexecuted Order Book: Over 14 billion rupees (~₹1,400 crore).

Frequently Asked Questions

What did Viviana Power Tech announce?

Viviana Power Tech announced that it has been confirmed as the L1 (lowest) successful bidder for a turnkey power distribution project worth 777.9 million rupees (Rs 77.79 crore) from MGVCL.

What is the specific scope of this project?

The project entails converting 11 kV open overhead power lines to Medium Voltage Covered Conductors (MVCC) and laying underground distribution networking in Anand City and the O&M division under the ROBUST-III Scheme.

How does this impact Viviana Power Tech's total order book?

This L1 confirmation expands Viviana Power Tech’s unexecuted order pipeline to more than Rs 1,400 crore, ensuring strong revenue visibility over upcoming quarters.

Is this award considered a related-party transaction?

No. The project was secured through a competitive state utility tender on an arm’s-length basis with no promoter interest.

Source: National Stock Exchange of India | Securities and Exchange Board of India | Ministry of Power