Multibagger Power Stock Hit 20 Per Cent Upper Circuit After Receiving Order Worth Rs 3,93,00,000 From Mundra Petrochem Ltd

The stock has given multibagger returns of 112 per cent from its 52-week low of Rs 598 per share.

On Wednesday, shares of Viviana Power Tech Ltd hit a 20 per cent upper circuit to Rs 1,266.15 per share from its previous closing of Rs 1,055.15 per share. The stock also made a new 52-week high of Rs 1,2661.5 per share while its 52-week low is Rs 598 per share.

Viviana Power Tech Limited has secured a new contract amounting to Rs 3,93,00,000 (Rupees Three Crore Ninety-Three Lakhs Only), exclusive of taxes. This contract is from Mundra Petrochem Ltd for 66 kV and 33 kV Transmission Line Works for the Green PVC Project at Mundra, Gujarat.

Earlier, the company has confirmed its status as the successful L1 bidder for six turnkey contracts under the Kisan Suryodaya Yojana (KSY) Scheme. These contracts involve the supply, installation, testing, and commissioning of 11 KV Medium Voltage Covered Conductor (MVCC) along with associated accessories and items. The projects are specifically designated for the Anjar, Bhuj, Bhavnagar, Junagadh, Jamnagar, and Amreli circles of PGVCL, marking a significant win for Viviana Power Tech Limited in Gujarat's rural electrification efforts.

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 specialises 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 Rs 795 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 47 per cent and an ROCE of 43 per cent. The stock has given multibagger returns of 112 per cent from its 52-week low of Rs 598 per share.

Disclaimer: The article is for informational purposes only and not investment advice.