Menu

SmartManufacturing

India’s Power Capacity Expands Significantly: From 305 GW to 476 GW Over Ten Years

Shivalic Power Control Ltd Secures Major Domestic Orders, Reinforcing Industry Leadership

Shivalic Power Control Ltd Secures Major Domestic Orders, Reinforcing Industry Leadership

Recent contracts worth over Rs 1 crore and a string of high-value deals underscore Shivalic Power Control’s dominance in India’s electrical panel manufacturing sector.

Introduction
Shivalic Power Control Ltd, a leading manufacturer of electrical panels, has clinched new domestic orders totaling Rs 1,06,00,000 from electrical contractors. This win, alongside a series of recent high-value contracts, highlights the company’s robust growth, technological prowess, and expanding market presence in India’s rapidly evolving power infrastructure sector.

Shivalic Power Control: A Snapshot of Excellence
Founded in 2004, Shivalic Power Control Ltd (SPCL) has grown into one of India’s most trusted names in electrical panel manufacturing. The company’s diverse product portfolio includes Power Control Center (PCC) panels, Intelligent Motor Control Center (IMCC) panels, Smart panels, Motor Control Center (MCC) panels, DG Synchronization panels, high-tension (HT) panels up to 33kV, variable frequency drive (VFD) panels, and power distribution boards, among others.
SPCL’s state-of-the-art manufacturing facility in Ballabgarh, Haryana, spans 1.25 lakh square feet and is equipped to produce 10,000 verticals annually. The company’s dedication to quality, innovation, and safety is evident through its ISO certifications and compliance with global standards like IEC 61439-1&2.

Recent Order Wins: A Testament to Market Trust
Rs 1.06 Crore Order from Electrical Contractors
In June 2025, Shivalic Power Control Ltd announced a significant domestic order valued at Rs 1,06,00,000. The contract covers a range of electrical panels, including HT switchboards, MCCB boxes, and various customized solutions, with execution scheduled for completion within the next few months.
Other Major Contracts in 2025
• Rs 2.31 Crore LT Panel Orders:
In April 2025, SPCL secured two separate contracts for low-tension (LT) panels from CBG and Mahagun, valued at Rs 1.52 crore and Rs 79 lakh, respectively. Both projects are slated for completion by July 2025, further strengthening the company’s order book.
• Rs 3 Cr deal happened with the GMT Industries:
In March 2025, Shivalic got a ₹3 crore contract from GMT Industries Limited for the provision of LT panels. This project, scheduled for completion by May 2025, is a major boost to the company’s growth trajectory and market reputation.
• Rs 49.95 Lakh Order from Vayu:
At the close of 2024, SPCL secured a Rs 49.95 lakh order from Vayu, a domestic client, with project completion targeted for March 2025.
• Rs 6.2 Million Order from Solid Properties:
In January 2025, the company was awarded a Rs 62 lakh order from Solid Properties Pvt Ltd for LT panels, with execution set for mid-April 2025.
• Rs 3.5 Million Contract Secured from Victora Auto
Also in January, SPCL won a Rs 35 lakh LT panel contract from Victora Auto Pvt Ltd, demonstrating its appeal across diverse industrial sectors.

Product Range and Technological Edge
Shivalic Power Control’s product suite is tailored to meet the needs of over 15 industrial sectors in India and abroad, including Nepal, Bangladesh, and several African nations. The company is renowned for:
• Custom Solutions:
Offering panels for automatic power factor correction, firefighting, VFD/AC drives, and more.
• Technical Partnerships:
Collaborating with top industry players like L&T, Schneider Electric, Siemens, and TDK to provide fully certified type-tested panels.
• Manufacturing Excellence:
Its facility is designed for seismic resistance and internal arc testing, ensuring maximum safety and reliability.

Financial Performance and Market Impact
SPCL’s robust order inflow has translated into strong financial results. For the fiscal year ending March 2024, the company reported a 55.5% jump in consolidated net profit to Rs 11.21 crore, alongside a 24.4% increase in revenue to Rs 102.18 crore over the previous year. The company’s shares have shown a positive trend, indicating strong investor confidence in its future growth potential.
Notably, the company maintains transparency in its transactions, with recent contracts not involving related parties or promoter interests, reinforcing its credibility in the market.

Industry Outlook and Strategic Positioning
The Indian electrical infrastructure sector is witnessing rapid expansion, driven by urbanization, industrial growth, and government initiatives in power and smart grid projects. Shivalic Power Control’s consistent order wins, technological partnerships, and focus on quality position it as a preferred supplier for both public and private sector projects.
SPCL’s ability to secure repeat business from major clients and its push into high-growth markets like HT panels (which contributed 94% of FY24 revenue) signal a bright outlook for the company.

Conclusion
Shivalic Power Control Ltd’s recent ₹1.06 crore order, along with a series of substantial contracts in 2025, highlights its strong position in India’s electrical panel manufacturing sector. With a strong product portfolio, cutting-edge manufacturing, and a growing client base, SPCL is well-placed to capitalize on the nation’s infrastructure boom. As the company continues to deliver on large-scale projects and expand its technological capabilities, it stands out as a beacon of reliability and growth in the sector.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The image added is for representation purposes only

Tel Aviv Stock Exchange Soars as U.S. Enters Israel-Iran Conflict

Kaynes Technology Faces Investor Scrutiny as CEO Steps Down Despite Strong Fundamentals

Kaynes Technology Reports a Strong Q4: Increase in Revenue and Profit

Kaynes Technology Reports a Strong Q4: Increase in Revenue and Profit

 

In the last quarter of FY2024, Kaynes Technology, a rapidly rising leader in India’s electronics manufacturing industry, produced an outstanding result. The company recorded a significant 43% increase in net profit, totaling ₹116 crore, while revenue climbed sharply by 54% compared to the same period last year. This strong financial showing cements its growing influence within the electronics manufacturing services (EMS) space and demonstrates its strategic ability to scale operations efficiently.

Q4 FY24 Performance Overview

The fourth quarter proved to be a breakthrough period for Kaynes Technology. Its net profit increased from ₹81 crore in Q4 of FY2023 to ₹116 crore. Revenues followed a similar upward trend, reaching ₹675 crore—substantially higher than the ₹439 crore reported a year earlier.
This strong momentum is attributed to an expanded customer base, particularly in the automotive, industrial automation, and defense sectors. Increased demand for electronics in smart devices and vehicles has further strengthened Kaynes’ order pipeline.

Operational Growth and Business Expansion

The company’s continued focus on innovation and capacity expansion has played a vital role in this performance. Over the past quarter, Kaynes enhanced its manufacturing infrastructure, adding new production lines and integrating automation to optimize output. These steps have allowed for greater efficiency and the ability to cater to larger, more complex projects.
Its design and development capabilities also received a boost, aligning with the growing trend of electronics manufacturers offering end-to-end solutions—from concept to production. As businesses across industries embrace digitalization, Kaynes has successfully positioned itself as a go-to partner for smart and connected product manufacturing.
Additionally, sustainability remains a key focus area. The company implemented energy-efficient systems at its facilities and laid down a roadmap to reduce greenhouse gas emissions by 30%
over the next three years.

Leadership Insights

Mr. Ramesh Kannan, Managing Director of Kaynes Technology, shared his perspective on the company’s growth:
“Our performance in the fourth quarter demonstrates both our technology preparedness and customer-centric strategy. We continue to prioritize innovation, quality, and dependability as we grow. We are confident in maintaining this momentum going ahead and are looking at collaborations that complement our worldwide ambition.”
He also mentioned that the company is actively evaluating opportunities to expand in Europe and Southeast Asia, leveraging rising global demand for electronics outsourcing.

Market Sentiment and Analyst Opinions

The announcement was well received by investors, as seen by the rise in Kaynes Technology’s stock after the results were made public. Market experts pointed to the company’s solid order book and improving margins as key strengths that set it apart in a competitive market.
Analyst reports suggested that Kaynes’ strategic alignment with high-growth industries such as EVs, automation, and IoT will likely fuel future growth. Many brokerage firms upgraded their outlook on the stock, citing its strong balance sheet and scalable business model.

Future Roadmap and FY2025 Outlook

For the next fiscal year, Kaynes Technology has big ambitions. The company aims to achieve 30–35% revenue growth by tapping into new verticals and expanding geographically. With India emerging as a hub for electronics production, the company plans to deepen its engagement in the domestic market while continuing to build a global client base.
Investments in artificial intelligence and advanced robotics are also on the cards, as the company aims to enhance efficiency and reduce dependency on manual labor. These technological advancements are expected to further streamline operations and drive higher margins.
The company’s strategy also includes inorganic expansion. Kaynes is exploring acquisition opportunities that could add complementary capabilities and support faster expansion into specialized markets.

Strategic Alignment with National Initiatives

Kaynes Technology continues to align its goals with India’s broader industrial development programs like “Make in India” and “Digital India.” These initiatives promote local manufacturing and technological innovation, areas where Kaynes already holds a strong position.
The company’s participation in these programs not only enhances its visibility and credibility but also opens up avenues for government contracts and strategic collaborations.

Conclusion

Kaynes Technology’s fourth-quarter results have established it as one of the most dynamic players in India’s EMS landscape. With a strong focus on innovation, sustainability, and market expansion, the company is well-equipped to sustain its growth in FY2025 and beyond.
As global industries increasingly rely on advanced electronics and embedded systems, Kaynes stands at the forefront, ready to shape the next phase of the electronics manufacturing revolution.

 

 

 

The image added is for representation purposes only

Shiprocket Eyes ₹2,400 Cr as IPO Plans Take Flight