Shivalic Power Secures ₹9.9 Million Order, Adds to Growing Panel Portfolio

Shivalic Power Control Ltd has been awarded a fresh order worth ₹9.9 million for the supply of low tension (LT) electrical panels, further strengthening its position in India’s industrial power solutions market. The order adds to a string of recent wins that reflect the company’s growing demand across commercial and infrastructure sectors.

 

Key Highlights:

 

Order Details: The ₹9.9 million contract involves the design, manufacturing, and supply of LT panels, continuing Shivalic’s momentum in the electrical panel segment.
 

Client Base Expands: Recent orders have come from clients like CBG, Mahagun, and Technovative Engineers, with projects scheduled for completion by July 2025.

Strong Financials: In FY24, Shivalic reported a 55.5% jump in net profit to ₹11.21 crore and a 24.4% rise in revenue to ₹102.18 crore, driven by robust order inflows and operational efficiency.

Stock Movement: Shares rose 1.97% to ₹129.30 following the announcement, signaling investor confidence in the company’s growth trajectory.

Product Range: Shivalic manufactures a wide array of panels, including PCC, IMCC, MCC, HT panels up to 33KV, and DG synchronization panels, catering to both domestic and industrial clients.

 

This latest order reinforces Shivalic’s reputation as a reliable player in the power control space, with a steady pipeline of projects and a focus on quality-driven execution.

 

Sources: Business Standard, MarketScreener, Shivalic Official Website