Lumel SA secures another ~ Rs 30 Crs order with leading German Energy Company

Rishabh Instruments Limited, a global energy efficiency solution provider, is pleased to announce that its wholly owned subsidiary, Lumel SA, has secured an additional order from the same Germany-based energy sector company referenced in June 2025 stock exchange announcement.

The contract, valued at €3 million (~ ₹30 Crores), covers the supply of advanced electronic devices for industrial automation applications within the energy sector. The agreement is valid through the end of 2027, with potential for extension based on mutual agreement and project requirements. This marks the second order from the same customer, demonstrating the strength of the relationship and continued confidence in Lumel SA's capabilities and solutions.

This strategic engagement follows several months of collaborative development and engineering between the teams at Lumel SA and the German partner, resulting in tailored solutions designed to address specific technical and operational requirements of the energy sector. The new order reinforces Lumel SA's international expansion strategy and underscores its commitment to innovation.

The Company is committed to delivery high-performance solutions that enhance efficiency and reliability across energy ecosystem. Earlier in May 2025, Lumel SA commissioned one of Europe's most advanced electronics assembly lines as part of its modernization program, significantly strengthening production capacity and operational flexibility.

Commenting on the announcement, Mr Dineshkumar Musalekar, WholeTime Director of Rishabh Instruments Limited, said, "This €3 million contract marks an important milestone in our European expansion strategy and reinforces our position as a trusted technology partner in the global energy sector. Securing a second order from the same German customer highlights our ability to build long-term relationships and deliver high-quality, customized solutions for critical industrial automation applications.

The recent investments in upgradation of our manufacturing capabilities, including facility modernization, have further strengthened our ability to meet the growing demand for advanced energy automation solutions. Given Germany's leadership in the energy transition, this collaboration provides a strong foundation for sustained growth in one of Europe's most dynamic energy markets".

Shares of Rishabh Instruments Limited was last trading in BSE at Rs. 476.95 as compared to the previous close of Rs. 458.20. The total number of shares traded during the day was 10040 in over 610 trades.

The stock hit an intraday high of Rs. 479.90 and intraday low of 465.55. The net turnover during the day was Rs. 4759583.00.

Source : Equity Bulls

Keywords

RishabhInstruments INE0N2P01017 ElectricalEquipment LumelSA