Viviana Power Tech Confirmed as L1 Bidder for ₹275.05 Crore MGVCL Project
Viviana Power Tech Limited has been confirmed as the L1 bidder for a ₹275.05 crore project with MGVCL. The project involves converting an 11 KV network to underground and overhead conductors under the SI Scheme – ROBUST-III. This adds to the company's order book, now exceeding ₹1,700 crore in unexecuted projects.
The project value of ₹275.05 crore is material and contributes to the company's overall order book, indicating a positive business development.
The company has secured a significant L1 bid, which is expected to enhance its order book and reflects growth in its project pipeline.
Viviana Power Tech Limited has been confirmed as the L1 (lowest bidder) stage successful bidder for a significant project involving the supply, installation, and associated works for the conversion of an existing 11 KV open line network to MVCC overhead conductor and underground networking.
This project, part of the SI Scheme – ROBUST-III, covers works in the Borsad Division, Nadiad City Division, and Baroda district under MGVCL. The bid amount for this project is ₹275.05 crore. The company anticipates that this new project award, along with other L1 positions, will further enhance its order book, bringing the total value of unexecuted projects to over ₹1,700.00 crore. This expansion signifies Viviana Power Tech's growing presence in high-value power and energy storage projects.
Further details, as required under Regulation 30 of SEBI (LODR) Regulations, 2015, will be provided in a separate announcement once the Letter of Intent (LOI) of Award is received.
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Viviana Power Tech Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Viviana Power Tech Limited. Read the original for the full detail.