Electrical and fire-fighting solutions company bags new orders worth Rs 1,20,85,646 from various clients across India
The stock is up by 60.5 per cent from its 52-week low of Rs 326.75 per share.
Rulka Electricals Ltd, an ISO 9001:2015 certified company and a prominent MEP project contractor across India, has recently announced the confirmation of several new orders amounting to INR 1,20,85,646. This development was officially communicated to the National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The orders have been secured from a diverse range of clients and span multiple locations, including Maharashtra, Haryana, Telangana and Tamil Nadu. Among the notable clients are Narhen Induslogic 2 Private Limited, ILP 3 India 8 Private Limited (Indospace), Yael Real Estate Private Limited (Indospace) and Horizon Industrial Parks Pvt Ltd. These orders encompass both electrical and firework projects, underscoring Rulka Electricals' expertise and versatility in handling various types of MEP projects.
The detailed breakdown of the orders includes substantial amounts from ILP 3 India 8 Private Limited (Indospace) for fire work in Luhari, Haryana, totalling Rs 34,76,796 and Rs 14,61,897, as well as from Horizon Industrial Parks Pvt Ltd. for electrical work in multiple locations such as Patancheru, Telangana (Rs 6,19,240), and Farukh Nagar, Haryana (Rs 14,02,902). This surge in orders reflects Rulka Electricals' robust market presence and its ability to secure significant projects from leading industrial and real estate entities. The company is committed to executing these projects within the current financial year, demonstrating its operational efficiency and dedication to meeting client deadlines. This accomplishment highlights Rulka Electricals' strategic growth and continued expansion within the highly competitive MEP sector.
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About the Company
Rulka Electricals Ltd, established in 2013, is a one-stop shop for electrical and fire-fighting solutions. They offer a wide range of services including design, supply, installation, testing and commissioning for various sectors like industrial, commercial, retail and theatre. Their core expertise lies in turnkey electrical projects encompassing everything from materials and labour to engineering, design and consulting. Additionally, they provide customized annual maintenance services with dedicated teams to ensure consistent and high-quality upkeep of electrical systems.
The company has a market cap of Rs 223.35 crore with an ROE of 110 per cent and an ROCE of 84 per cent. The stock is up by 60.5 per cent from its 52-week low of Rs 326.75 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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