52-week high alert: Power Company bags an order worth Rs 265,35,31,995 from Madhya Gujarat Vij Company Ltd (MGVCL)

On Monday, shares of Viviana Power Tech Ltd jumped 16.86 per cent to an intraday high of Rs 1,705 per share from its previous closing of Rs 1,458.85 per share. The stock also made a new 52-week high of Rs 1,705 per share while its 52-week low is Rs 598 per share.

Viviana Power Tech Limited has bagged a significant domestic turnkey contract from Madhya Gujarat Vij Company Limited (MGVCL) for Rs 2,65,35,31,995. The contract involves converting existing 11 kV overhead power lines to underground cables in various divisions under MGVCL, including Nadiad, Halol, Dabhoi, Godhra, and Lunawada. This project, which is part of MGVCL's System Improvement (SI) Scheme, is expected to be completed within 16 months from the date the letter of award was issued.

Earlier, the company received bid confirmation as the L1 successful bidder for a significant turnkey contract from GETCO. This project, under the Kisan Suryoday Yojana (KSY), involves the supply, erection, testing, and commissioning of a 66Kv Transmission Line.

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About the Company

Viviana Power Tech Ltd is a prominent player in the realm of power transmission and distribution in India. Established in 2014, the company specialises in turnkey projects, encompassing supply, civil work, erection, testing, and commissioning of electrical systems. Their expertise extends across various segments, including high-tension transmission lines, substations, power distribution networks, and underground cable laying.

With a strong track record of successful projects, VPTL has earned the trust of both government and private entities. They have executed projects worth over Rs. 140 crores in eight states across India, showcasing their capabilities in handling large-scale undertakings. The company's clientele includes renowned names such as GETCO (Gujarat Energy Transmission Corporation Limited), Power Development Department (Jammu & Kashmir Government), BHEL, Cleanmax Enviro Energy Solutions, Adani Group, Suzlon, Waaree Renewable Technologies, etc.

The company has a market cap of over Rs 1,000 crore with an order book of Rs 150 crore and debtor days have improved from 142 to 113 days. The shares of the company have an ROE of 47 per cent and an ROCE of 43 per cent. The stock has given multibagger returns of 185 per cent from its 52-week low of Rs 598 per share.

Disclaimer: The article is for informational purposes only and not investment advice.