Shivalic Power Control Limited — Updates, 23-11-2024: Press Release

Shivalic Power Control Limited has secured a significant order for the supply and installation of electrical items valued at approximately Rs. 370 Cr, awarded by Machino Plastics Limited, Kharkhoda. The project is slated for completion by February 2025. This commercial contract reflects Shivalic’s growing footprint in the industry and its capacity to manage sizeable orders, potentially bolstering its revenue streams. The absence of related party transactions ensures an arm's length agreement, positioning the company favorably for future opportunities. Investors should view this development as a positive outlook for the company’s operational growth.