Rishabh Instruments jumps after arm inks pact with Germany-based energy firm
The company has signed a contract with leading Germany based company operating in the energy sector to supply the advanced electronics devices that will play a critical role in supporting industrial automation initiatives within the energy industry.
This strategic partnership stems from several months of collaborative development and engineering efforts between the teams at Lumel SA and the German company. The resulting products are tailored solutions, engineered to address the specific technical and operational requirements of the energy sector.
This agreement is valid through the end of 2026, with strong potential for extension based on performance and evolving project needs.
Dineshkumar Musalekar, whole-time director of Rishabh Instruments, said, This Euro 5 million contract marks a pivotal milestone in our European expansion strategy, affirming us as a trusted technology partner in the global energy sector. Our collaboration with the leading Germany based energy sector company, a respected leader across Europe and international energy markets, underscores our capability to deliver sophisticated, customized solutions for critical industrial applications.
The success of our recent facility modernization has strategically positioned us to meet the growing demand for advanced energy automation solutions. Germanys leadership in the energy transition makes this partnership very crucial for us. As we continue to expand our product portfolio, this collaboration establishes a robust foundation for sustained growth in Europes most dynamic energy markets.
Rishabh Instruments is engaged in the business of manufacturing, design and development of global energy efficiency solutions. It focuses on electrical automation, metering and measurement, precision engineered products. It is the global leader in manufacturing and supply of analog panel meters, and among the leading global companies for manufacturing and supply of low voltage current transformers.
The companys consolidated net profit jumped 43% to Rs 116.20 crore on 54.5% increase in net sales to Rs 984.48 crore in Q4 FY25 over Q4 FY24.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
a minute ago
- India.com
Reliance Industries Gross Debt Rises 7 pc At Rs 3.47 Lakh Crore In FY25, Net Debt Hits Rs 1.17 Lakh Crore
New Delhi: Reliance Industries Limited's (RIL) gross debt and net debt for the financial year 2024-25 stood at Rs 3.47 lakh crore (USD 40.7 billion) and Rs 1.17 lakh crore (USD 13.7 billion) respectively, according to the company's integrated Annual Report 2024-25. The company had registered Rs 3.24 lakh crore in gross debt in FY24. Despite a strong internal cash flow generation, India's biggest private sector conglomerate's leverage remains noteworthy, underscoring the capital-intensive nature of its operations. "Robust internal cashflow generation supported investments in growth opportunities across business, while maintaining a conservative balance sheet and investment grade credit ratings," the company said in its Annual Report. Meanwhile, the Mukesh Ambani-led company reported capital expenditure for the financial year at Rs 1,31,107 crore ($15.3 billion). In FY 2023-24, capex stood at Rs 1,31,769 crore. According to the company's annual report, in FY25, investments were largely directed towards new O2C projects, Retail store expansion, augmenting Digital Services infrastructure and building manufacturing assets in New Energy. Meanwhile, RIL's standalone revenue was at Rs 5,57,163 crore ($65.2 billion), lower by 3.1 per cent as compared to Rs 5,74,956 crore in FY24. EBITDA for the standalone entity fell 14.2 per cent to Rs 74,163 crore ($8.7 billion) from Rs 86,393 crore for the year-ago period, the company said. Despite strong coverage from leading brokerages after the Indian conglomerate reported better-than-expected earnings in the first quarter of the current fiscal year (Q1 FY26), RIL shares fell more than 7% over the past 30 days. According to market analysts, the stock is currently in a corrective phase because the Mukesh Ambani-led company has suffered a significant setback as a result of US President Donald Trump's crackdown on India's imports of Russian oil. In order to process the cheap crude at its massive oil refinery in Jamnagar, Gujarat, RIL was a major importer. However, the shares may start attracting investors from next week as the US hinted at not imposing additional 25 per cent tariffs on the import of Russian oil. Brokerages like Morgan Stanley, Motilal Oswal, Novuma, and Macquarie have either maintained or increased their rating for RIL's stock after the company reported a strong 78 per cent year-over-year increase in its net profit at Rs 26,994 crore in Q1.
Time of India
13 minutes ago
- Time of India
Mahindra looks to acquire 350-acre land parcel in Igatpuri
MUMBAI: Mahindra & Mahindra has submitted a letter of interest to the Maharashtra government to acquire 350 acres of land in Igatpuri, Maharashtra, according to a top company official. The Mumbai-based automaker already has manufacturing plants in Nashik and Igatpuri. "We have submitted a letter of interest for 350 acres of land in Igatpuri, which is part of our ecosystem," Mahindra & Mahindra (M&M) Executive Director and CEO for auto and farm sectors Rajesh Jejurikar told reporters here. He stated that Nashik and Igatpuri plants could benefit from a feeder facility in the vicinity. "The land parcel could be used for multiple things, including setting up a supplier park and anything that we may need more for either Nashik or the Igatpuri plant," Jejurikar added. The company is at a preliminary stage and would have to go through the whole process of due diligence, and then land purchase needs a different level of approval, he noted. "We still have to go through the process of meeting all approvals, internal and regulatory, before we actually make a the whole process is not complete, but the expression of interest is accurate," Jejurikar said. Mahindra & Mahindra CEO, Automotive Division, Nalinikanth Gollagunta said the company is looking to expand production capacity of its Chakan-based manufacturing by around 2.4 lakh units in the first phase this year. The overall production capacity of the plant would go up to 7.5 to 7.6 lakh units per year after the expansion. "We are also exploring setting up greenfield locations to put out the production capacity beyond 2027," Gollagunta stated. Mahindra has plans to invest over Rs 27,000 crore in its automotive business between FY25 and FY27.
India Today
28 minutes ago
- India Today
La Liga: Barcelona register Marcus Rashford, Joan Garcia amidst FFP concerns
Amidst concerns over financial fair play (FFP) and player registrations, FC Barcelona have successfully completed the registrations of Marcus Rashford and Joan Garcia ahead of their La Liga opener against Mallorca on official La Liga website has listed both Rashford and Garcia as registered players, confirming their availability for the first league clash of the season. Rashford joins on loan from Manchester United with an option to buy, while Garcia arrived from Espanyol earlier in the profiles of Gerard Martin and veteran goalkeeper Wojciech Szczesny remain absent from the La Liga roster, raising speculation that Barcelona may be registering players in stages depending on when space can be created under salary cap regulations. The Catalan club's ability to register its new arrivals has been aided by a crucial agreement with captain Marc-Andre ter Stegen. The German goalkeeper, sidelined for at least three months after surgery, initially resisted signing a long-term medical leave deal but eventually agreed. The arrangement frees up 80% of his wages, giving Barcelona the financial flexibility required to comply with La Liga's saga had significant consequences for Ter Stegen, who briefly lost the captaincy before regaining it upon signing the agreement. His sacrifice has allowed the club to integrate their new signings in time for the new also generated an additional 11 million euros after Sporting Lisbon purchased the remaining 50% of Francisco Trincao's economic rights, further easing financial Garcia, the move represents a major step in his career, with the 23-year-old poised to become Barcelona's long-term first-choice goalkeeper. Meanwhile, Rashford's arrival adds pace, creativity, and a proven goal threat to Hansi Flick's squad as they aim to continue their dominance in financial hurdles momentarily cleared, Barcelona will now turn its focus to carrying forward its fluid, attacking style from last season, hoping its mix of youth and new signings can deliver silverware.- Ends
