Electrical panels manufacturer bags new domestic order worth Rs 1,09,00,000 from a reputed EPC company
The stock is up 21.2 per cent from its 52-week low of Rs 103.90 per share.
Shivalic Power Control Limited has secured a new domestic order valued at approximately Rs 1.09 crore (Rupees One Hundred and Nine Lacs) from a renowned Engineering, Procurement, and Construction (EPC) Company. This significant commercial order involves the supply of LT/HT Panels, and Shivalic Power Control Limited is tasked with executing the project as per the terms and conditions outlined in the order. The project is tentatively scheduled for completion by August 2025. This win underscores the company's continued growth and strengthens its position in the domestic market.
Earlier, the company received an order totalling approximately Rs 106 lakh from domestic electrical contractors. These orders are for the supply of LT Switchboards and are expected to be completed tentatively by August 2025. The company will execute these projects according to the terms of the respective orders, further solidifying its presence in the domestic market for electrical equipment.
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About the Company
Founded in 2004, Shivalic Power Control Limited is a leading manufacturer of electric panels, specialising in a wide range of products including PCC, IMCC, Smart, MCC, DG synchronisation, Outdoor, HT, VFD, Power Distribution Boards, Bus Duct and LT & HT APFC Panels. With industry certifications and authorisations from renowned companies like L&T, Siemens, Schneider Electric and TDK, Shivalic ensures the highest quality standards in its products. Their expertise has made them a trusted partner for various industries, serving over 500 clients across sectors like sugar, paper, cement, steel, FMCG, automobiles, and more.
The company has a market cap of over Rs 300 crore with an ROE of 16 per cent and an ROCE of 19 per cent. The stock is up 21.2 per cent from its 52-week low of Rs 103.90 per share.
Disclaimer: The article is for informational purposes only and not investment advice.