Shivalic Power Control Limited — Updates, 24-12-2024: Press Release

Shivalic Power Control Limited has secured a significant order from Technovative Engineers Pvt. Ltd. for an LT Panel project valued at Rs. 51.62 crore. This commercial order is expected to be executed by mid-March 2025. The contract positions the company to enhance its market presence and operational capabilities, which may positively impact overall performance. The absence of promoter affiliations with the awarding entity suggests a straightforward transaction, reducing potential conflicts of interest and implying an arm's length arrangement. Keep an eye on execution timelines as the project progresses, as it could contribute to the company's revenue growth.