Power Stock Surge After Securing Major Orders from Cipla and Others
Shivalic Power Control Limited’s stock rose 2.2% to ₹242 as it announced ₹1.38 crore worth of new orders, including ₹75.95 lakh from Cipla and ₹62 lakh from Solid Properties, for LT panels. With robust financial growth—24.4% revenue and 57.2% net profit rise in FY24—the company plans to expand globally and enhance production. These developments strengthen its position in industrial and real estate sectors, boosting investor confidence.