Electric Equipment
60 recent notes from companies in this sector. 20 companies tracked.
Suzlon delivers record 506 MW but warns on margins
The order book swelled to 6.1 GW, driven by the DevCo model, but management's capex hike and logistics concerns keep the story grounded.
Suzlon delivers record Q1, sets up Singapore unit for overseas push
Revenue jumps 23% to ₹3,819 cr with highest-ever first-quarter deliveries of 506 MW. Board approves Singapore subsidiary to chase international wind and O&M deals.
Accord Transformer lands PGCIL approval, order book at ₹159 cr
The nano-cap gets a ticket to bid for central transmission projects, while its order pipeline stands near annual revenue. Partnerships with Schneider and Lucy Electric add optionality.
W.S. Industries enters senior living with 7.5% fee deal on Chennai project
Nano-cap company to develop 5.66 lakh sq ft on 4 acres near Chennai ORR. At 7.5% of topline, fee could be material against FY26 revenue of ₹91.5 cr and net profit of ₹1.81 cr.
Hirect lands first MEMU trainset order, adds ₹60 cr to order book
The order from Indian Railways' Modern Coach Factory is the company's second ₹60 cr win in two days and opens a new product vertical.
Hirect wins ₹60 cr development order for Vande Metro trainsets
The order opens a new growth segment tied to the government's semi-high-speed rail programme. Execution is spread over 21 months.
Atlanta Electricals Q1 transcript: no surprises
Transcript of the 22 July concall confirms the 48% revenue growth and 16.5% margin already disclosed; no incremental price-sensitive information.
Havells Q1 transcript: Ad strategy detailed, no fresh surprise
The earnings call transcript confirms the profit-margin trade-off behind 20% revenue growth and explains the renewed brand investment; Renewables gets a separate P&L.
Inox Green board to weigh fundraising on 22 July; size, purpose unknown
The company will consider QIP or preferential allotment at its 22 July 2026 board meeting, but gave no indication of the amount or use of proceeds. An EGM may follow for shareholder approval.
Affordable Robotic promoter converts ₹21 cr loan into equity warrants
Milind Padole will get 10.93 lakh warrants at ₹192 each, lifting his stake from 27.7% to 33.8% and wiping out the corresponding liability.
Havells doubles ad spend to premiumise, margins feel the pinch
Revenue growth of 20% in Q1, but A&P expense doubling drags EBITDA. Renewables carved out as separate segment. H2 margin recovery expected as distribution reset ends.
Havells revenue up 20%, but profit slips 15% as costs bite
Advertising spend nearly doubled, raw material costs rose, and Lloyd's consumer loss widened to ₹51 crore, masking a 20% revenue jump. Renewables segment added ₹314 crore.
Havells revenue up 20%, profit down 15% as ad spend doubles
Q1 FY27 shows strong cable sales and a new Renewables segment. But marketing costs ate into earnings. A deliberate investment in growth.
Havells sales up 20% to ₹6,510 cr, profit down 15% as costs bite
Revenue growth driven by cables and Lloyd appliances, but raw material inflation and a near-doubling of ad spend squeezed margins. Net profit fell 15.3% to ₹298 cr. Lloyd operating loss widened to ₹51 cr.
Indobell lands ₹4.87 cr Sundaram Brake Linings order
The nodulated-wool order equals 31% of FY26 revenue and follows a ₹2.19 cr contract from the same customer, signaling a turnaround.
Indobell Insulations bags ₹2.19 cr order from Sundaram Brake Linings
The order, worth 14% of FY26 revenue, extends a recent string of wins for the nano-cap industrial insulation maker after a sharp revenue decline.
GRE Renew Enertech scoops up ₹23.99 cr in three solar EPC contracts
The orders push the order book to ₹248 cr, but compete for attention with a ₹175 cr order from just two weeks ago.
Kirloskar Electric locks in ₹40 cr from promoter group via preferential issue
The board approved a ₹40 crore equity infusion at ₹115.34 per share, representing 5.1% of market cap, to strengthen capital. The issue requires shareholder and regulatory nods.
Prostarm delays battery plant launch again, now aims for Sep 2026
Commercial production at Jhajjar BESS and Bakrol facility pushed back by about three months, citing geopolitical headwinds. Stock already priced in some risk after earlier guidance cut.
Indobell wins second GE Vernova order, USD 47,400
Indobell has won its second export order from GE Vernova in quick succession, worth USD 47,400 for gas turbine insulation, deepening ties with a global energy giant.
Kirloskar Electric to consider preferential issue; no size yet
Board to meet July 16 to discuss fund-raising via equity or other methods. Amount and use of proceeds undisclosed.
Powerica locks in ₹384 cr/yr wind project in Gujarat auction
Powerica won a 50 MW wind project from GUVNL at ₹3.51/unit, adding ₹384 cr annual revenue and expanding its portfolio to ~380 MW.
Havells bets on Indian BESS market with Pixii partnership
Norway's Pixii brings modular storage tech; Havells contributes manufacturing and distribution. A non-binding MoU into a market projected at **₹10,000-12,000 crore** by FY30.
RMC Switchgears lands ₹23.63 cr solar pump order from MAHAVITRAN
The 5-year contract under PM KUSUM adds ~5.9% to FY26 revenue and diversifies into solar, providing long-term visibility.
Solarium Green Energy gets ALMM nod, opens door to government solar tenders
The nano-cap module maker's 1.23 GW plant is now on MNRE's approved list. With an order book already double its market cap, regulatory clearance lets it convert pipeline into revenue.
Accord Transformer wins Aditya Birla Renewables vendor approval
The nano-cap can now bid for solar, wind, and hybrid projects from a blue-chip renewable developer. No order value attached yet.
Jyoti lands ₹9.52 cr pump order from Megha Engineering
The order is worth 6.9% of market cap and provides near-term revenue visibility, though the company's fundamentals remain weak with negative net worth and declining sales.
CG Power's OSAT JV begins commercial chip production in Gujarat
G1 facility in Sanand can produce up to **300 million chips per year**; total five-year investment of **₹7,600 crore** for two OSAT plants.
Accord Transformer spends ₹10.67 cr on Rajasthan land for expansion
The nano-cap transformer maker allocates 9% of its market cap and half its idle IPO cash to a 20,300 sqm land parcel, betting on EV charging infrastructure demand.
Quality Power bags ₹40.9 cr order from Japan
Via step-down subsidiary Endoks; execution by Dec 2027. At just ~4% of FY26 revenue, the win adds incremental visibility but lacks the heft to move estimates.
GRE Renew grabs ₹17.75 cr solar EPC order, 15% of FY26 revenue
Turnkey project from Standard Solar adds 5.24 MW DC capacity and boosts nano-cap's order book by nearly a sixth of last year's top line.
Jyoti posts FY26 profit but net worth stays negative
Standalone net profit of ₹17.78 cr on revenue of ₹276.53 cr; borrowings of ₹209.25 cr exceed market cap of ₹148 cr. Q4 profit ₹2.87 cr. Revised auditor reports unmodified after BSE observation.
Solarium's order book hits ₹852 cr, more than double its market cap
The nano-cap solar EPC player's order book surged from ~₹300 cr to ₹852.28 cr in months, with ground-mounted utility projects leading the shift.
GRE Renew lands ₹175 cr solar EPC order, 70%+ of its market cap
A single 50 MW AC turnkey order from Solarium Green Energy transforms the nano-cap EPC player's book. It exceeds the entire FY26 revenue and dwarfs prior wins.
Apar Industries board approves ₹2,500 cr fundraise
The company will raise up to ₹2,500 crore via QIP, rights issue, or preferential allotment, about 3.9% of market cap. Proceeds likely fund the ₹1,500 crore capex plan announced earlier this month.
Suzlon bags first customer for new 5 MW turbine two weeks after launch
Sunsure Energy orders 105 MW from the S175 platform, taking the cumulative partnership to 400.8 MW in under 14 months.
Engineers India gets a permanent CMD, ending interim charge
Atul Gupta, the company's commercial director, takes over as chairman and managing director until September 2029, replacing an additional secretary from the petroleum ministry who held the additional charge.
Accord Transformer lands ₹20 cr wind turbine transformer order
The order from a leading EPC player for a Gadag-1 wind project is worth roughly 28% of annual revenue. Completion within five months.
Mangal Electrical buys ₹8 cr land in Sikar for capacity expansion
Micro-cap electric equipment maker acquires 1.43-hectare plot for ₹8 crore in cash to expand manufacturing capacity.
Accord Transformer lands UGVCL empanelment for Gujarat utility tenders
Five-year vendor registration from Uttar Gujarat Vij Company opens a new state market after factory inspection. No order yet, but the move diversifies the ₹112 cr nano-cap's customer base.
Apar Industries board to weigh fundraise after ₹1,500 cr capex plan
The board meets June 30 to consider equity-linked instruments including QIP and rights issue. No quantum disclosed yet, but the timing follows a record year and a big capex announcement.
Engineers India signs MoU with Hindustan Copper for mining consultancy
Non-binding agreement covers copper, critical minerals, rare earths; no financial terms or project commitments disclosed.
Sparc Electrex's FY26 loss widens to ₹44.62 cr as revenue collapses
Auditors flagged unsupported write-offs of ₹2.31 cr in inventory; the company's bank account remains frozen by the Income Tax Department.
Sparc Electrex loss deepens to ₹44.62 cr as revenue vanishes
Auditor qualifies opinion on unsupported write-offs; bank account frozen, cash at ₹24.8 lakh. Loss triples from ₹15.20 cr in FY25.
CRISIL upgrades TD Power Systems to AA-/Stable, A1+
One-notch upgrade covering **₹488 cr** of bank facilities validates strong financials and near-zero debt. Stable outlook points to sustained performance.
HPL transcript confirms growth trajectory, smart meter TAM expands
Management reiterates ₹1,000 cr C&I revenue target for FY27 and notes government extended smart meter deadline to March 2028, raising TAM to 31-32 crore units.
Yash Highvoltage raises ₹151 cr, upsizes earlier guidance
Preferential issue to top institutional investors dwarfs the ₹100-110 cr flagged in May, adding 6.3% to equity base. Funds likely for new RIP facility and working capital.
Apar Industries locks in base oil supply from Aramco subsidiary
Apar's Saudi subsidiary signs a supply agreement with Luberef for feedstock at the new LubeHub Value Park in Yanbu, tying manufacturing expansion to local content goals.
Vilas Transcore targets ₹750 cr in FY26, triples CRGO capacity
FY25 revenue of ₹461 cr and PAT of ₹40 cr form the base; management eyes 62% growth with capacity tripling to 36,000 MT and 45-50% volume growth in FY27. PGCIL approval is the near-term catalyst.
HPL targets ₹1K cr C&I revenue as smart meter market widens
Record Q4 revenue above ₹500 cr followed by an aggressive FY27 C&I target of ₹1,000 cr. Smart meter TAM jumps to 31-32 crore units with a March 2028 deployment deadline.
Modulex raises ₹45.75 cr via warrant conversion, a third of its market cap
The pre-revenue construction tech company converts 3.39 crore warrants into equity, funding Phase I of its Maharashtra factory. The cash infusion equals 40% of its market cap, but existing shareholders face 30% dilution.
Prostarm relocates servo stabilizer, lithium battery units
The micro-cap electric equipment maker moves two operations accounting for about 7.89% of revenue, but gives no cost or capacity figures.
Inox Wind lands 1,500 MW group MoU, potential order book swells to 4.6 GW
The non-binding pact under the INOXGFL Group's integrated renewable strategy could add several thousand crore rupees to Inox Wind's pipeline. Execution risk remains as it involves a related party.
Schneider Infra says parent-Foxconn AI deal doesn't involve it
The listed entity distanced itself from a tie-up that drove its stock up 10% on Monday, triggering an upper circuit and exchange queries.
RMC Switchgears grew revenue 26% but profit fell 27% in FY26
Revenue crossed ₹401 crore, but net profit slipped to ₹22.42 crore, hit by Q3 project delays and supply chain snags. Order book at ₹850 crore provides visibility; PulseBox reaches tender stage.
Indobell lands ₹5.1 cr order from Skoda Power, 33% of FY26 revenue
The nano-cap insulation maker wins a domestic order worth nearly a third of last year's sales, offering a near-term revenue boost after a 63% profit drop.
Indobell lands USD 82,170 GE order, 4.4% of revenue
Nano-cap insulation maker wins another order from GE Vernova, continuing a steady relationship. The order equals 4.4% of annual revenue but comes amid a 39% revenue drop.
Schneider Electric President Systems gets BSE main board listing nod
The nano-cap firm moves from Metropolitan Stock Exchange to BSE's main board, a more liquid platform. But no fresh capital comes in.
RMC cuts its Pulse Box market size by 64% and extends order book timelines
Management now sees a ₹50,000 crore addressable market for the IoT solution, not the ₹1.4 lakh crore it cited earlier. Order delivery windows are stretching to two years.
Solarium gets ministry nod as second-biggest installer under PM Surya Ghar
MNRE ranked Solarium Green Energy the No. 2 vendor for residential rooftop solar installations under the government's flagship scheme.