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Shivalic Power Wins ₹49.95 Lacs LT Panel Order
Team Finance Saathi
27/Dec/2024
What's covered under the Article:
- Shivalic Power awarded a ₹49.95 Lacs contract for LT panels by Vayu.
- The project will be completed by March 2025 under specified terms.
- The order is a domestic, non-related party transaction, ensuring transparency.
Shivalic Power Control Limited has achieved a significant milestone with its latest commercial contract valued at ₹49.95 Lacs. Awarded by Vayu, this order further cements Shivalic’s position as a reliable supplier of LT panels in the domestic market.
Key Details of the Order
- Awarding Entity: The contract was awarded by Vayu, a domestic entity.
- Order Scope: Supply and execution of LT Panels as per the contractual terms.
- Value: ₹49.95 Lacs (Rupees Forty-Nine Lacs Ninety-Five Thousand).
- Timeline: The project is scheduled for completion by mid-March 2025.
Transparency and Compliance
The company has ensured compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, disclosing all material details transparently. It is noteworthy that:
- The order does not involve any related party transactions.
- The promoter/promoter group has no interest in the awarding entity.
Strategic Significance
This order is a testament to Shivalic Power's expertise in delivering quality power control solutions. The contract contributes to its growing portfolio and aligns with its strategy of reinforcing its footprint in the domestic power control systems market.
Looking Ahead
The successful execution of this project will not only enhance Shivalic Power’s market reputation but also open avenues for future collaborations. With a robust project timeline extending to March 2025, the company is set to deliver a high-quality solution adhering to customer specifications.
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