Laxmi Organic Industries Limited has informed the Exchange about General Updates, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, you are requested to take the below update on records: Contributing to a Sustainable Future in Power Transmission and Distribution! Laxmi Organic Industries Limited and Hitachi Energy have signed a Letter of Intent to set up production of an eco-efficient gas used in Hitachi Energy's SF6-free high-voltage switchgear portfolio. Commercial production can begin in the next financial year.This emphasizes Laxmi's focus on supporting our customers' ambitions by using its technology platforms, in this case, fluorination.
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Laxmi Organic Industries has signed a Letter of Intent with Hitachi Energy, a global power technology major, to set up production of an eco-efficient gas used in SF6-free high-voltage switchgear. The gas will support Hitachi Energy's sustainable switchgear portfolio used in power transmission and distribution. Laxmi will leverage its fluorination technology platform for this initiative. Commercial production is expected to begin in the next financial year (FY26).
Positive development for shareholders — opens a new high-value revenue stream in sustainable power infrastructure with a global partner. However, this is only a Letter of Intent, not a binding contract, so execution and timeline risks remain until a formal agreement is signed.