Rs. 300 Lacs Deal Signed! Top Panel Manufacturer Hits the Jackpot!
Leading electric panel maker secures a prestigious LT panel order from a major domestic client, boosting its growth prospects.
Shivalic Power Control Limited (SPCL) has secured a prestigious order worth Rs. 300 lacs from GMT Industries Limited for the supply of LT Panels. The order is a significant win for the company, highlighting its strong foothold in the electric panel manufacturing industry. The project is slated for completion by May 2025.
Contract Highlights
The contract involves the manufacturing and delivery of LT Panels, with the execution being entirely domestic. The order does not involve any related party transactions, and there is no interest from the promoter group or related entities in the awarding company.
About Shivalic Power Control
Incorporated in 2004, Shivalic Power Control Limited is an ISO-certified manufacturer specializing in LT and HT electric panels. The company offers a diverse product range, including non-welded, seismic-resistant, and internal arc-tested panels. SPCL has completed over 1,000 installations for 500+ clients across 20+ industrial sectors in India and abroad.
Business Models and Manufacturing Facility
Shivalic operates under three business models:
Technical Partnerships: Producing panels as per partners' specifications, with marketing handled by Shivalic.
EPC Partnerships: Receiving project orders through EPC companies.
Shivalic Branded Products: Selling panels under its own brand, providing warranties and guarantees.
The company’s state-of-the-art manufacturing facility in Ballabgarh, Haryana, spans 1.25 lakh sq. ft. with a capacity to produce 10,000 verticals. It currently operates at about 75 per cent capacity in a single shift and 25 per cent in three shifts.
Strategic Partnerships
Shivalic has collaborations with industry giants like L&T Electrical & Automation, Schneider Electric, Siemens, and TDK. These partnerships enable the company to produce fully type-tested panels as per IEC standards.
Conclusion
This new order from GMT Industries Limited strengthens Shivalic Power Control’s market position and reaffirms its reputation as a reliable supplier of high-quality electric panels. With the project set for completion by May 2025, this deal is expected to contribute positively to the company’s financial performance and growth trajectory.
Disclaimer: The article is for informational purposes only and not investment advice.