Shivalic Power Control Share Price Jumps Over 5% on Securing New Orders

Shivalic Power Control Secures New Orders Boosting Share Price by Over 5%

On October 28, Shivalic Power Control Limited (SPCL) witnessed a notable surge in its share price, which jumped by over 5%. This upward momentum came on the back of two significant orders totaling Rs. 217 lakhs for Low Tension (LT) and High Tension (HT) panels awarded by Kalindi Ispat Pvt. Ltd. The contracts are set to enhance SPCL’s revenue stream, highlighting the company’s robust capabilities in the electrical equipment segment.

Key Order Details

• LT Panels Order: SPCL received an order valued at approximately Rs. 131 lakhs for the supply of LT panels.
• HT Panels Order: In addition, SPCL secured a separate order worth around Rs. 86 lakhs for HT panels.
• Client: Both orders were awarded by Kalindi Ispat Pvt. Ltd., a domestic player in the industry.
• Execution Timeline: SPCL aims to complete both projects by February 2025.

Market Reaction and Share Price Impact

Following the announcement, SPCL’s share price rose over 5%, reflecting investor confidence in the company’s potential to secure substantial projects and drive revenue growth. This stock performance underlines the market’s positive response to SPCL’s strategic advancements in expanding its order book.

What This Means for SPCL

These orders not only reinforce SPCL’s reputation as a reliable provider of electrical solutions but also strengthen its standing in the competitive landscape. The recurring partnerships with clients like Kalindi Ispat Pvt. Ltd. showcase SPCL’s continued success in capturing domestic business opportunities.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.