Laxmi Organic Industries Limited has informed that the Company has entered into a Global Sourcing Agreement dated 09/09/2025 with Hitachi Energy Limited, Zurich, Switzerland for supply of an eco- efficient gas used in Hitachi Energy's SF6-free high-voltage switchgear portfolio. The detailed disclosure under Regulation 30 of Listing Regulations is attached.
LXCHEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Laxmi Organic Industries has signed a Global Sourcing Agreement dated September 9, 2025 with Hitachi Energy Limited, Zurich, Switzerland. Under this deal, the company will supply an eco-efficient gas that replaces SF6 (sulfur hexafluoride, a potent greenhouse gas) in Hitachi Energy's high-voltage switchgear products. SF6-free switchgear is a fast-growing segment as global utilities and grid operators look to cut emissions. The agreement positions Laxmi Organic as a key supplier in the sustainability-driven transition of the high-voltage equipment industry. No financial value or volume details of the agreement have been disclosed in the filing.
Positive for the stock — this is a strategic export partnership with a global major in power equipment, opening a long-term revenue stream from the fast-growing eco-friendly switchgear market. However, the lack of disclosed deal value means the actual financial impact is unclear for now.