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The contract, valued at €3 million (Rs 30 crore), covers the supply of advanced electronic devices for industrial automation applications within the energy sector. The agreement is valid through the end of 2027, with potential for extension based on mutual agreement and project requirements. This marks the second order from the same customer, demonstrating the strength of the relationship and continued confidence in Lumel SA's capabilities and solutions.
This strategic engagement follows several months of collaborative development and engineering between the teams at Lumel SA and the German partner, resulting in tailored solutions designed to address specific technical and operational requirements of the energy sector. The new order reinforces Lumel SA's international expansion strategy and underscores its commitment to innovation.
Total bank loan facilities rated - Rs 16.3 crore Long term rating - CRISIL BBB+/ Stable (upgraded from CRISIL BBB/ Stable) Short term rating - CRISIL A2 (upgraded from CRISIL A3+)
Rishabh Instruments is engaged in the business of manufacturing, design, and development of global energy efficiency solutions.
The company’s consolidated net profit jumped 436.3% to Rs 22.15 crore on a 7.7% increase in net sales to Rs 196.33 crore in Q2 FY26 over Q2 FY25.
Rishabh Instruments has signed a large contract with a leading electrical equipment supplier in Europe on 08 December 2025. The contract, valued at Euro €1 million (~ Rs 10 crore), covers the supply of low voltage current transformers (CTs), with deliveries scheduled equally across FY26 and FY27.