Viviana Power Tech has announced a strategic expansion into power equipment manufacturing with a greenfield facility near Vadodara. The company targets the production of transformers up to 400 KV by the end of FY28, marking its transformation from a pure-play EPC contractor to a vertically integrated power transmission and distribution platform. This initiative is supported by a record consolidated turnover of ₹533 crore in FY26 and a robust order book exceeding ₹1,000 crore.

Manufacturing Expansion Strategy

The proposed multi-product facility will be established on 14 acres of land in the Vadodara district. The project involves a capital expenditure of ₹100 crore and is designed to scale manufacturing capabilities progressively. The roadmap includes increasing transformer rating capacity to 20 MVA by FY26-27 and establishing a world-class 220 kV class power transformer unit that will be expanded to 400 kV in phases. The facility is expected to commence production by the end of FY28.

FY26 Financial Performance

Viviana Power Tech reported significant financial growth in FY26, driven by strong execution in the power transmission and distribution sector. The company successfully migrated to the NSE Mainboard on June 2, 2026, following approval on May 21, 2026.

Strategic Outlook and Order Book

The company serves state power utilities, private power entities, and renewable energy developers through an EPC-driven business model. Its order book stood at ₹1,000+ crore by the end of FY26, providing strong revenue visibility. Viviana is also actively pursuing opportunities in Battery Energy Storage Systems (BESS), with projects such as a 100 MW/200 MWh unit in Rajasthan and a 65 MW/130 MWh project in Gujarat in various stages of development. The management projects consolidated revenue to reach ₹2,000+ crore by FY30, with transformer manufacturing contributing significantly to the growth mix.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0MEG01014/9ed3088b6aad4b5a.pdf

Viviana Power Tech Limited reported a 167% year-on-year surge in consolidated net profit to ₹52.73 crore for the financial year ended March 31, 2026, driven by a record revenue performance. Revenue from operations jumped 143% to ₹531.25 crore, crossing the ₹500 crore milestone for the first time, while EBITDA rose 136% to ₹75.91 crore. The Board of Directors approved the audited results at a meeting held on May 25, 2026.

The company’s operational performance was bolstered by the execution of prestigious power transmission and distribution projects. Management attributed the strong revenue figures to robust execution in March 2026 alone, which contributed ₹257.17 crore to the total revenue. The order book stood at over ₹950 crore, including opportunities related to Battery Energy Storage Systems (BESS), with a bidding pipeline worth ₹1,240 crore.

Strategic Developments

Viviana Power Tech received approval from the National Stock Exchange (NSE) to migrate its equity shares from the SME Platform (EMERGE) to the Main Board. The migration is contingent upon the submission of a formal listing application and the execution of a listing agreement. The in-principle approval, dated May 21, 2026, is valid for 45 days.

The Board has approved a ₹100 crore capex programme to establish a greenfield manufacturing facility near Vadodara. This facility will produce power transformers up to 400 kV, expandable to 765 kV, along with shunt reactors and substations. Production is expected to commence by the second half of FY28, targeting a segment revenue of ₹1,000–1,200 crore with a 9–10% PAT margin at full scale by FY32.

Financial Performance (Consolidated)

The company has set an internal goal of achieving ₹200 crore in consolidated PAT by FY30-31. The expansion transforms Viviana from a pure-play EPC contractor into a vertically integrated power transmission and distribution platform.