Lumel SA Secures €3 Million Order from Leading German Energy Sector Company
Rishabh Instruments Limited's wholly owned subsidiary, Lumel SA, has secured an additional contract worth €3 million (approximately Rs 30 Crores) from a leading Germany-based energy sector company. This contract marks a continued strategic partnership and the second significant order from the same German client.The contract involves the supply of advanced electronic devices specifically designed for industrial automation applications within the energy sector. The agreement is valid through the end of 2027 and represents a major reinforcement of Lumel SA's international expansion strategy.
The order details confirm that the contract is valued at €3 million (Rs 30 Crores) and pertains to the supply of advanced electronic devices for industrial automation applications.
Key details regarding the contract awarded are summarized below:
| Parameter | Detail |
|---|---|
| Order Value | €3 million (Rs 30 Crores) |
| Awarding Entity | Germany-Based Energy Sector Company |
| Nature of Contract | One time |
| Product Scope | Advanced electronic devices for industrial automation in the energy sector |
| Timeline | Supply through the end of 2027 |
Rishabh Instruments Limited, a global energy efficiency solution provider, noted that this strategic engagement is part of the company's commitment to developing high-performance solutions that enhance efficiency and reliability across the energy ecosystem.
Commenting on the announcement, Mr. Dineshkumar Musalekar, WholeTime Director of Rishabh Instruments Limited, stated that the €3 million contract is an important milestone in the company's European expansion strategy. He highlighted that securing a second order from the same German customer demonstrates the ability of Lumel SA to build long-term relationships and deliver customized, high-quality solutions for critical industrial automation applications.
Mr. Musalekar added that recent investments in upgrading manufacturing capabilities have strengthened the company's position to meet the rising demand for advanced energy automation solutions, especially in Germany, a country recognized for its leadership in the energy transition.
Rishabh Instruments Limited has been incorporated since 1982 and specializes in manufacturing, design, and development of global energy efficiency solutions. The company focuses on electrical automation, electrical instrumentation, metering, and measurement, and also provides aluminium high-pressure die-casting solutions for precision components.
RISHABH Stock Price Movement
Rishabh Instruments Limited shares today slipped by 3.06% to settle at ₹464.9. Trading remained active today, posting a total volume of 107,808 shares.Source:
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