Laxmi Organic Industries Limited has informed the Exchange 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.
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Awaiting price reaction for this filing.
Laxmi Organic Industries has signed a Global Sourcing Agreement with Hitachi Energy Limited, Zurich, Switzerland, dated 9 September 2025. Under the deal, Laxmi Organic will supply an eco-efficient gas used in Hitachi Energy's SF6-free high-voltage switchgear products. SF6 is a highly potent greenhouse gas, and the agreement positions Laxmi Organic in the growing market for environmentally friendly alternatives. The filing was made under Regulation 30 of the Listing Regulations, though no financial value or contract duration has been disclosed in the headline.
This is a positive development as it opens an export opportunity with a global major in power equipment, potentially diversifying revenue. However, the actual financial impact on the stock is unclear without disclosed order value or revenue contribution.