Energy efficiency solution provider’s subsidiary signs Rs 50 crore contract with leading German Energy Company
The stock is up by 61 per cent from its 52-week low of Rs 200.55 per share.
Rishabh Instruments Limited's (RIL) wholly-owned subsidiary, Lumel SA, has secured a strategic contract valued at EURO 5 million (approximately Rs 50 crore) with a prominent German company in the energy sector. This significant agreement involves the supply of advanced electronic devices crucial for industrial automation initiatives within the energy industry. The contract is valid through the end of 2026, with potential for further extension based on performance and project requirements.
This partnership is a culmination of several months of collaborative development and engineering, resulting in tailored solutions designed to meet the specific technical and operational needs of the energy sector. This agreement not only marks a key milestone in Lumel SA's international expansion strategy but also highlights its commitment to innovation and delivering high-performance solutions for global energy systems. Furthermore, following the commissioning of one of Europe's most advanced electronics assembly lines in May 2025, Lumel SA has significantly boosted its production capacity and operational flexibility, with ongoing discussions to integrate its proprietary products for deeper penetration into the European energy sector.
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About Rishabh Instruments Limited
Incorporated in 1982, Rishabh Instruments Limited (RIL) is a global leader in designing, developing, and manufacturing energy efficiency solutions, with a strong focus on electrical automation, metering, and measurement, alongside precision-engineered products. RIL is globally recognised for its analogue panel meters and is a leading manufacturer of low-voltage current transformers. The company also provides comprehensive aluminium high-pressure die-casting solutions, including precision components for the automotive and automation industries. With five manufacturing facilities across India, Poland, and China, RIL boasts vertically integrated operations and a strong emphasis on R&D and innovation, serving over 70 countries through a network of 350+ global authorised dealers and multiple international and domestic sales offices.
The company has a market cap of over Rs 1,100 crore. The shares of the company saw a spurt in volume by more than 2.60 times on the BSE. The stock is up by 61 per cent from its 52-week low of Rs 200.55 per share.
Disclaimer: The article is for informational purposes only and not investment advice.