Viviana Power Tech Secures ₹466.74 Crore Contracts; Shares Rise 7.28%

Mumbai, October 12: Viviana Power Tech Limited has received fresh turnkey contracts worth ₹466.74 crore, including taxes, from Madhya Gujarat Vij Company Limited (MGVCL) for converting existing 11 kV overhead power lines to an underground network and upgrading associated conductors across several divisions in Gujarat.

According to the company’s exchange disclosure dated October 10, 2026, the contracts cover the conversion of high-tension 0.4/11 kV open lines to medium-voltage covered conductor (MVCC) overhead lines and underground networking. The work will be carried out across various MGVCL divisions under the SI Scheme, Robust-III.

The contracts are domestic and have been awarded by MGVCL, an existing client. The company has stated that the order value had already been considered and disclosed in its investor presentation and in an earlier intimation regarding its L1 position.

Stock Market Snapshot

The Viviana Power Tech share price stood at ₹877.40 as of 9:54:08 AM IST on October 12, 2026, according to the market data.

The stock was up ₹59.55, or 7.28%, at the time. Shares traded around ₹865 at the start of the reported session before moving higher towards ₹877.40.

The rise came as the market assessed the company’s disclosure confirming the new turnkey contracts from MGVCL.

Project Execution Timeline And Contract Details

The aggregate contract value is ₹466,73,61,738, equivalent to approximately ₹466.74 crore, inclusive of taxes. Execution is scheduled over 18 months from the respective dates of the Letters of Award (LOAs), according to the filing.

The scope involves power distribution network upgrades, including overhead conductor conversion and underground cabling. Such work forms part of efforts to improve the distribution network across the utility’s service areas.

Viviana Power Tech also stated that the awarding entity has no interest in the company’s promoter or promoter group and that the contracts do not fall under related-party transactions.

Conclusion

The fresh MGVCL contracts strengthen Viviana Power Tech’s order pipeline in Gujarat, with the ₹466.74 crore package covering overhead network conversion and underground distribution infrastructure.

The company has indicated that the value was previously disclosed following its L1 position, while execution is expected over 18 months from the respective LOA dates. Shares were up 7.28% at ₹877.40 as of 9:54:08 AM IST on October 12, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/VIVIANA/Viviana-Power-Tech-Limited
• https://nsearchives.nseindia.com/corporate/VIVIANA_10102026133007_VIVIANA__Intimation_of_Receiving_Order_MGVCL_10102026.pdf