Intimation of Vendor Approval for supply of 11KV Metering Cubical
Price
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Awaiting price reaction for this filing.
INDO SMC has received vendor approval from MSEDCL (Maharashtra State Electricity Distribution Company Limited) to supply 11KV Metering Cubicals. The approval covers four product variants with different CT ratings and is valid for 2 years. The company has existing purchase orders worth approximately Rs. 1,000 Lacs (Rs. 10 Crore) from registered vendors of MSEDCL, to be executed within the next two months. This marks INDO SMC's entry into a new product segment aligned with government key initiatives in the power distribution space.
Positive for the stock — secures a government-backed order pipeline worth Rs. 10 Crore and opens a new business vertical in 11KV metering equipment, potentially adding meaningful revenue in the near term. Could boost investor confidence given the state utility tie-up, though execution within two months remains the key thing to watch.