PNN
Mumbai (Maharashtra) [India], April 8: Supreme Power Equipment Limited (SPEL) (NSE: SUPREMEPWR), One of India's leading manufacturers of power and distribution transformers has received a new order worth ₹13.50 Cr from an EPC company situated in Maharashtra.
Notably, this order marks the Company's first order in the state of Maharashtra, representing a key milestone in its geographical expansion strategy. The entry into Maharashtra, a strategically important and industrially advanced state, is expected to open up new avenues for growth and enhance the Company's presence across western India.
The scope of the contract includes the supply of 20 MVA, 110/33-11 kV power transformers, which will be deployed for the EPC company's project requirements. These transformers are critical components in power transmission and distribution infrastructure, highlighting the Company's capability to deliver high-capacity and technically advanced solutions.
The order is to be executed within a period of approximately 7 months, demonstrating the Company's strong project execution capabilities and operational efficiency. Timely delivery of such projects remains a key focus area, ensuring reliability and strengthening long-term relationships with clients.
With this order, the Company continues to build a diversified and geographically expanding order book, reinforcing its growth trajectory and establishing a stronger footprint across key regions in India.
Commenting on the development, Mr. Vee Rajmohan, Chairman and Managing Director of Supreme Power Equipment Limited, said "We are pleased to secure our first order in Maharashtra, marking an important step in our geographical expansion journey. Entering a key industrial state like Maharashtra reflects the growing acceptance of our capabilities and strengthens our presence in the western region.
This order provides a strong foundation to build long-term relationships and tap into the significant opportunities emerging from ongoing power and infrastructure developments in the state. We remain focused on timely execution and consistent quality as we scale our presence in this region."
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