Latest news with #LumelSA
Business Standard
2 days ago
- Business
- Business Standard
Rishabh Instruments jumps after arm inks pact with Germany-based energy firm
Rishabh Instruments rallied 5.15% to Rs 316.45 after the company's wholly owned subsidiary, Lumel SA signed a contract worth Euro 5 million (Rs 50 crore) with leading Germany based energy sector company to supply electronics devices. 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.
Business Standard
2 days ago
- Business
- Business Standard
Lumel SA inks 5 million contract with Germany-based energy company
To supply advanced electronic devices Rishabh Instruments announced that its wholly owned subsidiary, Lumel SA, has signed a significant contract with a leading Germany based company operating in the energy sector. The contract, valued at 5 million (~ Rs 50 crore), covers the supply of advanced electronic devices that will play a critical role in supporting industrial automation initiatives within the energy industry. This agreement is valid through the end of 2026, with strong potential for extension based on performance and evolving project needs. 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 marks a significant milestone in Lumel SA's international expansion strategy, highlighting our continued commitment to innovation and delivering high-performance solutions that drive efficiency and reliability across global energy systems. As the partnership deepens, discussions are underway to incorporate Lumel SA's proprietary products which will further solidify our position as a comprehensive solutions provider in European energy sector. In May 2025, Lumel SA successfully completed a pivotal phase of its modernization program by commissioning one of Europe's most advanced electronics assembly lines. This strategic investment has substantially increased both production capacity and operational flexibility.
Business Upturn
2 days ago
- Business
- Business Upturn
Rishabh Instruments shares surge over 7% after its subsidiary bags Rs 50 crore contract with leading German energy company
By Aman Shukla Published on June 11, 2025, 10:05 IST Rishabh Instruments Limited (NSE: RISHABH) shares jumped over 7% in early trade after its wholly owned subsidiary, Lumel SA, signed a major contract with a prominent Germany-based energy company. The deal, valued at €5 million (~₹50 crore), marks a strategic milestone in Rishabh's international growth journey. As of 10:03 AM, the shares were trading 4.66% higter at Rs 314.15 The agreement involves the supply of advanced electronic devices crucial for industrial automation in the energy sector. Scheduled to run through the end of 2026, the contract also includes provisions for extension, depending on project performance and evolving requirements. This collaboration is the result of months of joint development and engineering efforts between Lumel SA and its German counterpart. The devices being supplied are customized solutions designed to meet the high technical standards and operational demands of the European energy industry. Rishabh Instruments, a global leader in energy efficiency and measurement solutions, views this deal as a significant step toward strengthening its European footprint. The partnership is expected to pave the way for wider adoption of Lumel's proprietary technologies across the continent. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
