Shivalic Power Control Limited has made significant strides in its operational portfolio by securing two prestigious orders for High Tension (HT) Panels and Low Tension (LT) Panels, totaling approximately Rs 2.17 crore. These orders were awarded by Kalindi Ispat Pvt. Ltd, a domestic entity known for its industrial contributions.

Order Details:

1. HT Panels Order:

   • Value: Rs 86 lacs (Eighty Six Lacs)
   • Project Scope: The company will execute this project as per the outlined terms.
   • Completion Timeline: The project is expected to be completed by February 2025.

2. LT Panels Order:

   • Value: Rs 131 lacs (One Hundred Thirty One Lacs)
   • Project Scope: Similar to the HT panels, Shivalic Power Control Ltd will execute the LT panels project under specified terms.
   • Completion Timeline: Also scheduled for completion by February 2025.

Both orders are classified as commercial and are reflective of Shivalic's capacity to undertake sizable projects within the electrical and control systems domain. The cumulative value of the orders emphasizes the company’s strategic growth trajectory and ability to secure significant contracts in the competitive industrial market.

Regulatory Compliance:

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shivalic Power Control Ltd has duly notified relevant stock exchanges about these new developments. The company assures that:

• The orders were awarded by a domestic entity, thereby reinforcing local business relationships.
• There is no related party transaction involved; hence, it operates at arm's length, ensuring fair practices.
• The promoter group and associated entities have no vested interest in Kalindi Ispat Pvt. Ltd, which maintains transparency and integrity in business dealings.

Implications for Shivalic Power Control Ltd:

The acquisition of these orders not only strengthens Shivalic Power Control's financial outlook but also enhances its reputation in the industry as a reliable supplier of HT and LT panels. With a commitment to quality and timely delivery, the company is well-positioned to meet the evolving demands of the electrical infrastructure sector.

This recent achievement also aligns with the government's focus on enhancing domestic manufacturing capabilities, fostering a robust industrial ecosystem. As Shivalic Power Control Ltd continues to expand its operations and project portfolio, the company is poised to contribute significantly to India's infrastructure development efforts.

In conclusion, these new orders mark a pivotal point in Shivalic Power Control Ltd’s journey, reflecting its ongoing commitment to excellence and growth in the competitive electrical and power sector. The management’s proactive approach in securing these contracts demonstrates a strategic vision aimed at long-term sustainability and profitability in the ever-evolving marketplace.