Under Rs 250: Transformer Manufacturer Secures New Orders Worth Rs 4.62 Crore, Expands Geographic Reach, & Advances Facility Expansion
The company’s shares have delivered an impressive return of over 235 per cent to its shareholders.
Supreme Power Equipment Ltd (SPEL) a leading manufacturer of power and distribution transformers, has announced new orders totalling Rs 4.62 crore, along with significant progress in its facility expansion. These developments mark notable growth in its order book, geographical reach, and capacity enhancement initiatives.
Order Book:
With these new orders, SPEL's total order book has reached Rs 61.32 crore. Orders acquired in October 2024 reflect SPEL’s increasing demand across diverse regions in India, further reinforcing its position in the domestic market.
Geographic Expansion:
Kerala: SPEL has secured an order worth Rs 2.72 Cr from a prominent tea estate in Munnar, Kerala, for the supply of two 20 MVA, 33/11 KV power transformers. This order represents a significant step in expanding SPEL’s footprint in southern India.
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Lakshadweep: The Department of Electricity in Lakshadweep has awarded SPEL an order worth Rs 57.96 lakh, marking its entry into this strategic market. Additionally, a domestic entity has placed an order valued at Rs 1.32 crore, reinforcing SPEL’s reputation as a reliable supplier for local utility providers.
Capacity Expansion:
The construction of a new manufacturing facility is underway, with 30 per cent of the work completed. Once finished, this facility will increase SPEL’s production capacity from 2,500 MVA to 9,000 MVA, allowing the company to meet growing demand and expand its service capabilities. The project is on track for completion by December 2025.
Share Performance
At the start of today's trading session, Supreme Power Equipment Ltd opened at Rs 219.90 per share, compared to Rs 215.70 per share on the NSE. Currently, the company’s shares are trading at around Rs 218 per shares on the NSE. The current market capitalization stands at Rs 544.81 crore, and the stock has generated an impressive multibagger return of over 235 per cent compared to the final IPO issue price of Rs 65 each.
Disclaimer: The article is for informational purposes only and not investment advice.