Solar-wind power company bags new orders worth Rs 2,36,76,700 from M.M. Brothers
The stock gave multibagger returns of 266 per cent from its 52-week low of Rs 146.15 per share.
Viviana Power Tech Limited, a prominent solar-wind power company, informed that its subsidiary company, Aarsh Transformers Private Limited, has been awarded a contract amounting to Rs. 2,36,76,700.00 (Rupees Two Crore Thirty-Six Lakh Seventy-Six Thousand Seven Hundred Only), inclusive of taxes, by M.M. Brothers.
Earlier, the company secured significant new orders totalling Rs 1,06,47,35,474. This substantial win comprises three separate contracts: a Rs 74,12,96,345 contract from Paschim Gujarat Vij Company Limited and Dakshin Gujarat Vij Company Limited under the SI and KSY Schemes, and a Rs 32,34,39,129 contract from Madhya Gujarat Vij Company Limited under the SI Scheme. These new orders not only demonstrate the company's strong market position but also signify its potential to expand its customer base and enhance its overall profitability.
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About the Company
Viviana Power Tech Ltd is a prominent player in the realm of power transmission and distribution in India. Established in 2014, the company specializes in turnkey projects, encompassing supply, civil work, erection, testing, and commissioning of electrical systems. Their expertise extends across various segments, including high-tension transmission lines, substations, power distribution networks, and underground cable laying.
With a strong track record of successful projects, VPTL has earned the trust of both government and private entities. They have executed projects worth over Rs. 140 crores in eight states across India, showcasing their capabilities in handling large-scale undertakings. The company's clientele includes renowned names such as GETCO (Gujarat Energy Transmission Corporation Limited), Power Development Department (Jammu & Kashmir Government), BHEL, Cleanmax Enviro Energy Solutions, Adani Group, Suzlon, Waaree Renewable Technologies, etc.
The company has a market cap of over Rs 500 crore with an order book of Rs 150 crore and debtor days have improved from 142 to 113 days. The shares of the company have an ROE of 36 per cent and an ROCE of 42 per cent. The stock gave multibagger returns of 266 per cent from its 52-week low of Rs 146.15 per share. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.