Viviana Power Tech has secured a turnkey contract valued at ₹41,50,36,976 from Dakshin Gujarat Vij Company Limited (DGVCL) for underground cabling work. The order strengthens the company's order book in the power distribution sector.

Order Details

The contract, received on July 6, 2026, encompasses the supply, laying, installation, testing, and commissioning of 11KV underground cables. The scope also includes the erection and dismantling of TCDP/Pole structures across various DGVCL divisions under the Overhead to Underground Scheme or other schemes.

Viviana Power Tech Limited has reported a record-breaking consolidated revenue of INR 533 crores for the financial year 2026, representing a 16x growth since its listing in 2022. The company’s profit after tax reached INR 53.46 crores, driven by operational leverage and efficient project execution. Management has provided guidance for FY27, targeting consolidated revenue of more than INR 900 crores while maintaining profitability margins between 8.5% and 10%.

The company’s robust performance is underpinned by a strong order book exceeding INR 1,000 crores, which ensures predictable revenue visibility for the coming quarters. Viviana has also successfully migrated to the NSE main board, a move expected to enhance corporate visibility and improve access to institutional capital. To support its vertical integration strategy, the board has approved a capital expenditure of INR 100 crores to establish a greenfield power transmission manufacturing project near Vadodara.

Financial Highlights FY26

Strategic Initiatives

Viviana is transitioning from a pure-play EPC contractor to a vertically integrated power infrastructure player. The new manufacturing facility, spread across 14 acres, will initially focus on producing power transformers up to 10 MVA, with plans to scale up to 500 MVA by 2030. This expansion aims to capture higher margins and meet the growing demand from the power sector, including data centers and renewable energy projects.

Additionally, the company’s infrastructure development vertical, Viviana Life Spaces, is developing commercial and residential projects to create debt-free collateral assets. This subsidiary targets accumulating INR 100 crores of premium commercial assets by 2030, generating a rental annuity to offset working capital costs. The company maintains a conservative long-term debt-to-equity ratio target of 1.2x to 1.5x.