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₹1,400 Cr Orderbook: Power stock jumps 5% after receiving ₹209 Cr order from Gujarat Govt

Alex Smith

Alex Smith

1 month ago

3 min read 👁 5 views
₹1,400 Cr Orderbook: Power stock jumps 5% after receiving ₹209 Cr order from Gujarat Govt

Synopsis: The shares of the company today surged more than 5 percent after they received an order worth Rs 208.74 crore from Gujarat Urja Vikas Nigam Limited for a BESS project based in Gujarat.

The shares of the company that is in the business of Power transmission, Distribution, and Industrial EPC space projects, which undertakes turnkey jobs for all types of Electrical systems, are in focus after the receipt of a significant work order from GUVNL.

With a market capitalization of Rs 783.91 crore, Viviana Power Tech Ltd’s shares on Monday made a day high of Rs 805.95 per share, up by 5.4 percent from its previous day’s close price of Rs 764.05 per share. The shares are trading at a high P/E of 33x compared to the industry P/E.

Significant Order

Viviana Power Tech Limited has received a new contract award from Gujarat Urja Vikas Nigam Limited (GUVNL) amounting to Rs. 208.73 crore for a BESS project in Gujarat, which is to be developed within 12 months from the date of the Letter of Award.

The project involves developing a 65 MW / 130 MWh standalone battery energy storage facility in Gujarat as part of a much larger 2,000 MW / 4,000 MWh BESS program awarded through tariff-based competitive bidding with VGF support. The order will be executed on a build-own-operate basis and will generate revenue over 12 years from the project’s scheduled commissioning date.

This project will add to the company’s order book of more than Rs 1,400 crore as of December 2025. As the company operates across power transmission, EHV substations, distribution networks, underground cabling, system upgradation, and BESS-led renewable energy infrastructure, it offers integrated end-to-end energy solutions.

Also read: Defence stock jumps 9% after receiving ₹292 Cr order for rocket launcher system

About the company

Incorporated in 2014, Viviana Power Tech Ltd is in the business of Erection and installation of Power Transmission and Maintenance of Power Stations. It undertakes turnkey jobs for the Supply, Civil, Erection, Testing, & Commissioning of all types of Electrical systems. VPTL deals with state government power utilities, private power entities, and Renewable energy developers.

Financial performance, revenue from operations grew by 40.66 percent to Rs 58.94 crore in Q2 FY26, corresponding to the same quarter in the last financial year. Accompanied by Net profit growth of 40.45 percent YoY to Rs 5.59 crore in Q2 FY26 and EPS growth of 38.9 percent to Rs 5.53 per share in Q2 FY26.

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