Supreme Power Equipment Bags ₹20.07 Crore Orders from TANGEDCO

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Supreme Power Equipment Bags ₹20.07 Crore Orders from TANGEDCO

Noor Mohmmed

03/Jan/2025

What's Covered:

Supreme Power Equipment secures ₹20.07 crore orders from TANGEDCO for transformers.
Orders include ₹12.81 crore and ₹7.26 crore contracts through Danya Electric Company.
The contracts will be executed within 18 months, enhancing domestic power solutions.

Supreme Power Equipment Limited, a leader in manufacturing and supplying power solutions, announced on January 3, 2025, that it has secured significant orders from Tamil Nadu Generation and Distribution Corporation (TANGEDCO). The total order value stands at ₹20.07 crore, with contracts divided into two key parts:

₹12.81 crore directly to Supreme Power Equipment Limited.
₹7.26 crore through Danya Electric Company, a partnership firm in which Supreme Power holds a 90% stake.

These contracts represent a substantial step forward in boosting India's power infrastructure.

Details of the Orders

The awarded contracts are for the manufacturing and supply of power transformers—essential components in ensuring efficient power distribution across Tamil Nadu. Both orders are to be completed within approximately 18 months, highlighting the company's commitment to timely delivery and excellence in execution.

Company’s Strategic Advantage

The orders solidify Supreme Power Equipment's position in the domestic power equipment industry. The partnership with Danya Electric Company further reflects its strategic focus on leveraging joint ventures for operational excellence.

Regulatory Disclosure

The disclosure aligns with Regulation 30 of SEBI (LODR) Regulations, 2015, ensuring transparency. As confirmed in the filing, the contracts do not fall under related party transactions and were secured through competitive, arm's-length agreements.

Implications for the Industry

This achievement underscores the growing role of Indian companies in bolstering local power infrastructure. TANGEDCO's trust in Supreme Power Equipment highlights the company’s reliability and technical expertise.

With these developments, Supreme Power Equipment Limited continues its journey as a trusted partner for government and private entities in power solutions, reinforcing its vision for sustainable growth and innovation in India’s energy sector.

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The Current active IPO is Fabtech Technologies, Leo Dry Fruits, Davin Sons, and Parmeshwar Metal.

Services

Supreme Power Equipment Bags ₹20.07 Crore Orders from TANGEDCO

What's Covered:

Details of the Orders

Company’s Strategic Advantage

Regulatory Disclosure

Implications for the Industry

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