Supreme Power Equipment Limited — Important, 23-12-2024: General Updates

Supreme Power Equipment Limited (SPEL) has achieved a significant milestone by being officially approved as a vendor for the Kerala State Electricity Board (KSEB) to supply power and distribution transformers. This status enables SPEL to bid for KSEB tenders, positioning the company as a key supplier within Kerala’s electricity sector. The approval aligns with KSEB's efforts to upgrade its power infrastructure amidst increasing demand, potentially enhancing SPEL's order book and revenue streams.

This development is expected to strengthen SPEL's market presence in Kerala, a crucial region for power supply, while reinforcing its commitment to delivering high-quality transformer solutions. With a current order book of around ₹ 60 Cr, SPEL recorded a consolidated revenue of ₹ 113.59 Cr, EBITDA of ₹ 23.33 Cr, and profit after tax of ₹ 14.30 Cr for FY24. Mr. Vee Rajmohan, Chairman and Managing Director, expressed optimism about collaboration prospects with KSEB and other local stakeholders, emphasizing the company’s vision for sustainable growth.