Upper Circuit Alert: Diversified Commercial Services Company Bags Rs 16,34,21,941 Orders from Various Clients
The stock is up by 7.50 per cent from its 52-week low of Rs 132 per share.
Rulka Electricals Limited (REL), a prominent integrated electrical and firefighting services provider, has announced new confirmed orders from various domestic clients totaling Rs 16,34,21,941, which includes 18 per cent GST. These orders fall under electrical and firefighting works, demonstrating the company's continued growth in its core business segments.
The confirmed orders include Rs 5,50,52,736.00 from a prominent real estate company for the procurement and setup of transformer/DG sets and external/internal electrical fittings for a warehouse in Maharashtra, with an 8-month duration. Another significant order, valued at Rs 7,90,46,425.00, also from a prominent real estate company in Maharashtra, is for the procurement and setup of LV FAPA firefighting systems in a warehouse, also for 8 months. Lastly, an order from a private industrial consulting company in Thoothukudi, Tamil Nadu, amounting to Rs 2,93,22,780.00, covers the procurement, installation, testing, and commissioning of a PT panel, LT Cable, cable trays, and fixtures over 12 months. The aggregated execution period for these orders is between 8 to 12 months.
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Headquartered in Mumbai, Rulka Electricals Limited (REL) provides a wide range of electrical services across India, including electrical panel installations, firefighting systems, solar EPC contracts, and turnkey electrical warehousing projects. The Company also specialises in maintenance services, data & voice cabling and is known for its electrical and firefighting contracting services on projects of various scales. REL serves a diverse clientele in sectors such as industrial, commercial, retail, warehousing and entertainment.
On Monday, shares of Rulka Electricals Limited hit a 5 per cent upper circuit to Rs 136.50 per share from its previous closing of Rs 130 per share. The company has a market cap of Rs 58.13 crore. The stock is up by 7.50 per cent from its 52-week low of Rs 132 per share.
Disclaimer: The article is for informational purposes only and not investment advice.