Faridabad-Based Electric Panel Manufacturer Secures Rs 49,95,000 Order
Order to Be Completed by March 2025, Strengthening Company’s Position in the Electric Panel Industry
Shivalic Power Control Limited has received a commercial order from Vayu, a domestic entity, worth Rs 49.95 lakhs. The project is scheduled for completion by March 2025, with no involvement of promoters or related-party transactions.
Expertise in Electric Panels
The company manufactures a wide range of electric panels, including PCC, IMCC, MCC, DG synchronization, HT panels up to 33kV, and more. They specialize in both Low Tension (LT) and High Tension (HT) panels, with HT products contributing 94 per cent of FY24 revenue.
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Domestic and International Reach
Shivalic serves over 15 industrial sectors in India and exports to countries like Nepal, Bangladesh, Uganda, Kenya, and Algeria. Exports contributed 2 per cent of the company’s revenue in FY23, reflecting their growing global presence.
Robust Manufacturing Capability
The company operates a manufacturing unit in Faridabad, Haryana, with a capacity of 10,000 verticals annually. Leading industry players like L&T, Siemens, and Schneider Electric authorize Shivalic to produce fully type-tested panels.
Strong Client Base
Shivalic has worked with over 500 clients across industries such as sugar, cement, steel, FMCG, and automobiles. Notable clients include Hewlett Packard, Reliance Cement, Jindal Steel & Power, Dabur, JK Paper, and Yamaha Motors.
Regional Revenue Insights
In FY24, Haryana contributed 44.5 per cent of Shivalic's revenue, followed by Delhi and Uttar Pradesh at 10 per cent each. Other states accounted for the remaining 28 per cent, showcasing a well-distributed customer base.
Recent Milestones
In November 2023, Shivalic bagged its largest LT works order for the RBI Data Centre complex in Bhubaneswar. This highlights the company’s ability to handle large-scale projects efficiently.
Shivalic Power Control continues to strengthen its position in the electric panel industry, driven by a strong product portfolio and customer trust.
Disclaimer: The article is for informational purposes only and not investment advice.