Shivalic Power Control Limited has recently announced an important milestone in its business journey by securing a prestigious order worth Rs. 51.62 Lacs from Technovative Engineers Pvt. Ltd., a domestic company based in Faridabad, India. The order, which pertains to LT panels, is a significant step forward for the company as it continues to expand its presence in the power control industry.

This commercial order is a testament to Shivalic Power Control's growing reputation in the industry. The Rs. 51.62 Lacs order marks a significant financial contribution to the company’s revenue and reinforces its commitment to providing top-quality products and services. The project is expected to be completed by mid-March 2025, adding to the company’s expanding portfolio of successful commercial projects.

As per the disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Shivalic Power Control Limited has clearly outlined the significant details of this order. The order is to be executed in compliance with the terms specified by Technovative Engineers Pvt. Ltd., ensuring that the project progresses smoothly and as per the agreed schedule.

Importantly, the order does not involve any related party transactions, ensuring transparency and adherence to SEBI regulations. Shivalic Power Control has clarified that there is no involvement of the promoter or any related group companies in the awarding of this order, ensuring that the process is free from any conflicts of interest. This is a crucial point for investors and stakeholders, as it assures them of the integrity and fairness of the business dealings involved.

The order is a significant part of Shivalic Power Control’s ongoing efforts to increase its market share in the competitive commercial order sector. With its high-quality products, the company continues to win the trust of key players in the industry. The financial stability and strategic positioning of Shivalic Power Control are expected to further strengthen as the project nears completion.

Looking at the broader picture, this announcement is a positive signal for investors in the Indian stock market, especially those following Shivalic Power Control Limited closely. It provides confidence in the company's ability to secure substantial orders, maintain strong business relationships, and manage projects effectively. With the growing focus on infrastructure and energy projects in India, Shivalic Power Control is well-positioned to capitalize on further opportunities in this space.

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