Rs 1,700 Crore Order Book: This Low PE, High ROCE Small-Cap Power Stock Emerges as L1 Bidder for Rs 275 Crore MGVCL Project; Share Price Nears 52-Week Low

On Monday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 93.35 points (0.38 per cent) to 24,158.65. Amid the market movement, Viviana Power Tech share price rose 4.25 per cent to Rs 721.80 after the company received confirmation as the L1 stage successful bidder for a Rs 275.05 crore project.

The company is currently trading at a PE of 12.8, while its ROCE stands at 50.7 per cent. Further, the stock recorded a 52-week high of Rs 1,162.50 on October 13, 2025, while its 52-week low stood at Rs 565.00 on January 27, 2026.

Viviana Power Tech Emerges as L1 Bidder for Rs 275.05 Crore Project

Viviana Power Tech Limited has received bid confirmation for the L1 stage as the successful bidder for a project valued at Rs 275.05 crore. The project involves the supply, installation and associated works for conversion of the existing 11 KV open line network to MVCC overhead conductor and underground networking under the SI Scheme – ROBUST-III.

The project covers works across Borsad Division, Nadiad City Division and Baroda district under Madhya Gujarat Vij Company Limited (MGVCL). The company disclosed the development under Regulation 30 of the SEBI Listing Regulations.

Order Book Crosses Rs 1,700 Crore

According to the company, the new project award and L1 positions have further strengthened its order book. The total value of unexecuted projects has crossed Rs 1,700 crore, reflecting the company's increasing footprint in high-value power and energy storage projects.

The Rs 275.05 crore L1 project therefore adds to Viviana Power Tech's unexecuted project portfolio, with the company continuing to participate in power transmission and distribution projects.

Project Details

The project involves the conversion of the existing 11 KV open line network into an MVCC overhead conductor network along with underground networking. The work is being undertaken under the SI Scheme – ROBUST-III and covers multiple divisions and districts under MGVCL.
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The company has stated that the detailed information required under Regulation 30 of the SEBI Listing Regulations will be provided through a separate announcement once the Letter of Intent of Award is received.

Viviana Power Tech Business

Viviana Power Tech Limited is engaged in EPC projects related to power transmission and distribution systems, with capabilities extending up to the 400 KV system. The company is based in Vadodara, Gujarat.

The latest development adds another project to the company's unexecuted portfolio, which has now crossed Rs 1,700 crore in value according to the filing.

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