The stocks of this Power transmission company rose more than 10% from its day low as it received bid confirmation for L1 Stage successful bidder for the Turnkey Based Contract.
With a market capitalization of ₹847 crores, shares of Viviana Power Tech Ltd witnessed a strong rally in today’s trading session, climbing over 10% intraday. The stock surged from a day’s low of ₹1,225 to hit an intraday high of ₹1,370 per share, reflecting strong investor interest following recent positive developments.
Viviana Power Tech Ltd has announced that it received bid confirmation for L1 Stage – successful bidder for the Turnkey Based Contract for Conversion of Existing 11/22 KV HT Line Network into Under Ground/Over Head Cable Network, MVCC and RMU For Ring Main System at Navsari City – Navsari Rural Under DGVCL.
Viviana Power Tech Ltd is in the business of Erection and installation of Power Transmission and Maintenance of Power Stations. It undertakes turnkey jobs for the Supply, Civil, Erection, Testing, & Commissioning of all types of Electrical systems.
VPTL deals with state government power utilities, private power entities, and Renewable energy developers. It bags project work from government utilities through the open bidding process and from private power entities and renewable energy developers by way of open bidding or preferential basis.
Viviana is engaging in an expansion strategy by extending its presence into additional states with careful planning and the development of a strong infrastructure to support operations in new regions
Financials
The company’s sales have increased by 234% to Rs. 219 Crores in FY25 compared to Rs. 66 crore recorded in FY24. It has also recorded a Net Profit of Rs. 20cr in FY25 compared to Rs 7 Crores in FY24, reflecting strong financial performance and consistent growth
Written by: Rohan Pandey
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