Electrical Panels Manufacturer Bags New Order Worth Rs 3,70,00,000 From Machino Plastics Ltd-Kharkhoda

The stock is up over 7.40 per cent from its 52-week low of Rs 190 per share.

Shivalic Power Control Limited has secured a prestigious domestic order worth Rs 3,70,00,000 to supply and install all electrical items at Machino Plastics Ltd.'s Kharkhoda facility. This project is scheduled to be completed by February 2025, solidifying Shivalic's role as a reliable provider of end-to-end electrical solutions for major industrial clients in India.

Earlier, Shivalic Power Control Limited secured a significant domestic order valued at Rs 1.66 crore from Machino Plastics Ltd. This order pertains to the supply and installation of LT Panels and is scheduled for completion by December 2024. This achievement further underscores Shivalic's position as a leading provider of electrical solutions, catering to the growing demands of domestic industries.

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 synchronization, Outdoor, HT, VFD, Power Distribution Boards, Bus Duct and LT & HT APFC Panels. With industry certifications and authorizations 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 Rs 492 crore with an ROE of 34 per cent and an ROCE of 30 per cent. The stock is up over 7.40 per cent from its 52-week low of Rs 190 per share. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.