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Viviana Power Tech Shares Jump Over 5% After Bagging ₹208.73 Crore GUVNL BESS Order

Prime Highlight

  • Shares of Viviana Power Tech Ltd rose more than 5% after the company secured a large battery energy storage system (BESS) order from Gujarat Urja Vikas Nigam Limited.
  • The order strengthens Viviana’s position in the renewable energy infrastructure segment, particularly in large-scale battery storage projects.

Key Facts

  • The ₹208.73 crore project involves setting up a 65 MW / 130 MWh standalone BESS facility in Gujarat under GUVNL’s broader 2,000 MW / 4,000 MWh storage programme.
  • Viviana will execute the project on a build-own-operate model, complete construction within 12 months, and generate revenue over 12 years.

Background

Shares of Viviana Power Tech Ltd surged more than 5% on Monday after the company announced that it had received a major order worth ₹208.73 crore from Gujarat Urja Vikas Nigam Limited (GUVNL) for a battery energy storage system (BESS) project in Gujarat.

The stock touched a day’s high of ₹805.95, rising from its previous close of ₹764.05. The company currently has a market capitalisation of about ₹783.91 crore and is trading at a price-to-earnings ratio of nearly 33 times, which is higher than the industry average.

According to the company, the project includes the development of a 65 MW / 130 MWh standalone battery energy storage facility. The order forms part of GUVNL’s larger 2,000 MW / 4,000 MWh BESS programme that was awarded through tariff-based competitive bidding with viability gap funding support.

Viviana Power Tech will execute the project on a build-own-operate basis. The company plans to complete the construction within 12 months from the date of the letter of award. After commissioning, the project will generate revenue for a period of 12 years.

This new order will further strengthen the company’s order book, which stood at more than ₹1,400 crore as of December 2025. Viviana operates across power transmission, extra-high-voltage substations, distribution networks, underground cabling, system upgrades, and renewable energy infrastructure, including battery storage projects.

Incorporated in 2014, the company undertakes turnkey projects for the supply, erection, testing, and commissioning of electrical systems for state utilities, private power firms, and renewable energy developers.

On the financial front, Viviana reported a 40.66% rise in revenue to ₹58.94 crore in Q2 FY26. Net profit grew 40.45% year-on-year to ₹5.59 crore, while earnings per share increased 38.9% to ₹5.53.

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