Shivalic Power Control Limited (formerly known as Shivalic Power Control Private Limited), a reputable player in the Indian power control sector, recently received a new order for LT panels valued at ₹53 lacs from GMT Industries Ltd. This contract represents a significant addition to Shivalic Power Control’s ongoing projects and is expected to enhance its portfolio in the commercial sector.

As per the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this new project showcases Shivalic Power Control Limited’s ability to secure important contracts and maintain growth in the competitive power control industry. This announcement, filed with the National Stock Exchange of India (NSE) under the trading symbol "SPCL" and ISIN "INE0T7B01010," highlights the company’s commitment to transparent communication with its shareholders.

Contract Details

1. Order Value and Client: The LT panel project is valued at ₹53 lacs (Fifty Three Lacs), awarded by GMT Industries Ltd., a domestic entity in India. The transaction does not involve any related party interest and is conducted entirely at arm’s length.

2. Nature and Scope of the Project: This contract is a commercial order for LT panels, which are essential components in electrical systems for managing low-tension power distribution. The order requires Shivalic Power Control Limited to supply and install LT panels in accordance with GMT Industries' specifications.

3. Completion Timeline: The scheduled completion date for this project is February 2025. The detailed execution plan involves designing, assembling, and testing the LT panels, ensuring they meet the operational requirements of GMT Industries.

4. Compliance and Transparency: Shivalic Power Control Limited's notification of this contract falls under SEBI’s regulatory requirement for corporate disclosures. Regulation 30 mandates companies to inform the exchange and investors about significant business developments, which Shivalic Power Control Limited has duly adhered to, ensuring transparency and fostering investor confidence.

Strategic Importance of the Order

Securing a prestigious order from a recognized entity like GMT Industries Ltd. positions Shivalic Power Control Limited as a preferred vendor in the domestic market for LT panels. This project not only strengthens its revenue stream but also reinforces its reputation in delivering quality power control solutions within stipulated timelines. The LT panel order aligns with the company’s goals of expanding its market share in India’s power control and electrical distribution sectors.

Financial Impact and Market Outlook

The ₹53 lacs order adds a positive outlook to Shivalic Power Control’s financials for the upcoming quarters. With a growing demand for efficient power distribution systems, particularly LT panels in various industries, the company’s foothold in this segment is expected to yield substantial returns. The project with GMT Industries Ltd. is likely to set a precedent for future contracts, boosting Shivalic Power Control’s presence in both domestic and potentially international markets.

This order also indicates robust sectoral growth, as companies across India increasingly seek quality power control solutions to meet the demands of modern electrical infrastructure. Shivalic Power Control Limited’s consistent project acquisitions are expected to propel it as a leading supplier in the Indian power control market.

Company’s Corporate Strategy

Shivalic Power Control Limited's decision to announce this contract reflects its commitment to corporate governance and adherence to SEBI’s disclosure norms. By maintaining transparent communication with stakeholders, the company enhances its brand image and reinforces its reputation among investors. This announcement also aligns with Shivalic Power Control Limited’s strategic approach to continuously secure and execute high-value projects in the electrical and power control sectors.

Through a combination of market-oriented projects and a well-defined execution strategy, Shivalic Power Control Limited aims to achieve sustainable growth. The completion of the GMT Industries project by February 2025 will likely position the company favorably for further high-value contracts in the LT panel segment and beyond.

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