Viviana Power Tech Q2: net profit doubles to Rs12.43 Cr on 97.9% revenue surge; board approves non-core stake divestment
India, Nov. 3 -- India is rewiring its power grid. New solar and wind plants, battery storage and growing city demand all need fresh lines, substations and cables. EPC contractors do the work, mostly for state utilities and large power producers, which means plenty of orders but also long payment cycles. Fast-growing contractors therefore live or die by execution and by how quickly they collect cash.
The Nifty 50 was trading at 23,631.55, up 0.81%. Meanwhile, Sensex also rose 0.93% to 76,399.52 on Tuesday. Meanwhile, Shares of Viviana Power Tech Ltd. were trading at Rs. 733.00, down 2.51 percent from previous close of Rs. 751.85. The stock opened at Rs. 760.00 and reached an intraday high of Rs. 767.20 and low of Rs. 725.00. The company...
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