Solar-Wind Power Company is Confirmed for L1 Stage for 2 Successful Bidders of Power Supply Work
The stock gave multibagger returns of 170 per cent from its 52-week low of Rs 304 per share.
Viviana Power Tech Limited has announced its successful bid confirmation as the L1 stage bidder for two significant turnkey contracts under the System Improvement (SI) Scheme of Paschim Gujarat Vij Company Limited (PGVCL). The first project involves the supply, installation, testing, and commissioning of an 11kV medium voltage covered conductor (MVCC) network with accessories in the Rajkot Rural & Morbi circle, while the second project entails similar work in the 11kV feeder of the Bhuj Circle, both aimed at creating a robust network for reliable power supply and are expected to be completed within a timeframe of nine months, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Earlier, the company bagged an order valued at Rs 6,91,26,348, including taxes, from their established client, Gujarat Energy Transmission Corporation Limited. This substantial contract not only reinforces the company's existing client relationships but also promises to enhance its profitability. Furthermore, securing this order signifies the company's continued growth and strengthens its position within the energy transmission sector, demonstrating its ability to deliver valuable solutions and potentially expand its customer base.
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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 170 per cent from its 52-week low of Rs 304 per share. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.