Viviana Power Tech secures Rs 71.38 crore turnkey contract from PGVCL

What Viviana Power Tech announced

Viviana Power Tech Limited (NSE: VIVIANA) informed the National Stock Exchange on 9 July 2026 that it has been awarded a new turnkey contract by its existing client, Paschim Gujarat Vij Company Limited (PGVCL). The contract is valued at Rs 71.38 crore (Rs 71,38,64,233) inclusive of taxes.

"Viviana Power Tech Limited has been awarded a new turnkey contract for amounting to Rs 71,38,64,233.00…" – filing dated 09/07/2026.

The announcement is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed entities to disclose material orders and contracts.

Contract scope and specifications

The order pertains to the conversion of an existing 11 kV high‑tension (HT) line and low‑tension (LT) line network, including consumer service lines, into an underground cable network with a ring‑main system. This type of work falls within Viviana Power Tech’s core competency of EPC (Engineering, Procurement, and Construction) projects for power transmission and distribution up to 400 kV.

Key specifications extracted from the filing:

• Nature of work: Underground cabling of 11 kV HT and LT lines and associated consumer service lines.
• System design: Ring‑main configuration to enhance reliability and reduce outage duration.
• Geographical focus: The contract is for PGVCL’s network, which serves the western Indian state of Gujarat.

Execution timeline and commercial terms

The contract stipulates an 18‑month execution period starting from the date of the Letter of Acceptance (LOA). The filing does not disclose the exact LOA date, but the contract is to be completed within this timeframe.

• Order receipt: 8 July 2026, 8:16 pm.
• Reporting date: 9 July 2026 – the company reported the order on the same day, indicating no delay.
• Payment terms: Not detailed in the filing; only the total contract value inclusive of taxes is disclosed.
• Related‑party considerations: The filing confirms that the promoter group has no interest in PGVCL and that the contract does not constitute a related‑party transaction.

Key facts at a glance

Why this matters for investors

The contract adds a significant order book item for Viviana Power Tech, reflecting continued demand for its EPC capabilities in the power transmission sector. At a contract size of over Rs 70 crore, the order is material relative to the company’s recent revenue levels, potentially contributing to top‑line growth once the project progresses.

Because the work is to be executed over 18 months, the revenue from this contract will be recognised progressively, aligning with the company’s cash‑flow generation schedule. The absence of related‑party involvement and the fact that the client is an existing domestic utility reduce execution risk and suggest that the terms are likely to be at arm’s length.

Investors should note that the filing does not disclose the profit margin, payment milestones, or any penalties for delay, which are typical contractual details that could affect the project's profitability. The contract also does not trigger any immediate dilution or capital‑raising requirement; it is an operational order that will be funded through the company’s existing resources or project‑specific financing.

Conclusion

Viviana Power Tech’s receipt of a Rs 71.38 crore turnkey contract from PGVCL expands its order book and underscores its role in underground power distribution projects. The contract is slated for completion within 18 months, involves no related‑party concerns, and was reported promptly. While the order is material, investors will need to await further disclosures—such as detailed project financing, milestone payments, and eventual revenue recognition—to fully assess its impact on the company’s financial performance.