Viviana Power Tech Ltd – Company Report
1. Company Overview
Viviana Power Tech Ltd, incorporated in 2014 and headquartered in Vadodara, Gujarat, is a prominent EPC (Engineering, Procurement, and Construction) firm specializing in India’s power transmission and distribution sector. The company focuses on turnkey projects involving power transmission lines, EHV (Extra High Voltage) substations, and power distribution network establishment for both government utilities and private sector clients. Founded by Nikesh Choksi and Richi Choksi, Viviana Power Tech has established a strong reputation for executing high-voltage projects—including ±500 kV HVDC and 400/220/132/66 kV transmission lines and substations—with a growing pan-India and industrial client base. Reliable and timely project delivery, customer satisfaction, and technology adoption are core to Viviana’s operational philosophy.
- Incorporated: 2014
- Headquarters: Vadodara, Gujarat, India
- Employees: ~250
- Service Portfolio: Power transmission EPC, EHV substations, distribution networks, cable laying, O&M, automation, and energy management systems
- Clientele: State utilities, central government agencies, industrial and infrastructure clients
2. Products and Services
- Power Transmission Lines: Turnkey solutions for high and extra-high voltage overhead and underground transmission projects
- EHV Substations: Design, supply, erection, testing, and commissioning of substations from 33 kV up to 500 kV
- Distribution Network Establishment: Complete establishment and upgradation of power distribution networks, including underground cable works
- Automation and Energy Management: PLC and SCADA-based automation, energy auditing, and management system deployment
- Renewable Integration: Solutions for solar and wind energy connectivity to the national grid
- Operation & Maintenance (O&M): Long-term O&M contracts for power sector assets, preventive and corrective maintenance
- Consulting and Support: Project management, system design, regulatory liasoning with state and central power bodies
3. Recent News and Business Developments
- Successfully executed several new high-value transmission and substation projects for both state utilities and private sector partners in FY2024
- Achieved significant growth in project order-book, reflecting strong demand for grid upgradation and renewables integration
- Invested in workforce upskilling, project management automation, and safety/compliance training
Major Contract Wins:
- October 24, 2025: The company has secured a contract from Adani Green Energy Limited for the manufacturing, testing, and supply of materials for a 400 kV DC transmission line for a wind project in Gujarat. The order is valued at ₹17.90 crore and will be completed within 5 months from the LOA.
- October 24, 2025: Received a Letter of Intent from Rajasthan Rajya Vidyut Utpadan Nigam Limited to set up a 1000 MW/2000 MWh standalone Battery Energy Storage System (BESS) at Bhopalgarh, Jodhpur, under the BOO model with Viability Gap Funding of ₹36 crore. The total order value is ₹302.46 crore, to be executed over 18 months from the LOA.
- October 13, 2025: Viviana Power Tech Limited and its subsidiary M/s Aarsh Transformers Pvt Ltd have signed a Memorandum of Understanding with the Government of Gujarat for a domestic agreement worth ₹2,448 crore (including ₹93 crore for the subsidiary).
- September 19, 2025: Viviana Power Tech Limited has won a contract worth ₹265.35 crore from Madhya Gujarat Vij Company Limited to convert high-tension overhead lines to underground lines under the System Improvement Scheme.
- August 14, 2025: Viviana Power Tech wins its first Punjab project worth ₹59.41 crore from PSPCL, covering LT and HT infrastructure loss reduction works under RDSS .
- June 13, 2025: Has achieved L1 bidder confirmation for a turnkey contract involving conversion of 11/22 KV HT line network into underground/overhead cable network in Navsari, Gujarat Under DGVCL. The order is worth ₹35.10 crore and is scheduled for completion within 12 months from the LOA.
- June 12, 2025: Has achieved L1 successful bidder for a turnkey contract from GETCO under the Kisan Suryoday Yojana for a 66kV transmission line project. Valued at ₹17.48 crore, the project is to be executed within 12 months from the LOA, supporting rural electrification and renewable energy distribution initiatives.
- June 11, 2025: Secured a ₹3.93 crore contract secured from Mundra Petrochem Ltd for 66kV and 33kV transmission line works for their Green PVC Project.
- August 1, 2024 : Received a new work order from Madhya Gujarat Vij Company Limited for a consideration of ₹60.42 Crores for the Creation of a robust network under the S.I. Scheme for 11 KV XLPE HTCab with underground/overhead cable, with ring main units and replacement of open bare conductor with MVCC conductor in various subdivisions of the Godhra O&M Circle and Nadiad O&M Circle.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹220 crore |
| Net Profit | ₹19.8 crore |
| EPS | ₹31.51 |
| Operating Margin | 15% |
| Net Profit Margin | 9% |
| Return on Equity (ROE) | 47% |