Rishabh Instruments shines as its arm inks Rs 50 crore pact with leading German Energy Company
Rishabh Instruments is currently trading at Rs. 315.40, up by 14.45 points or 4.80% from its previous closing of Rs. 300.95 on the BSE.
The scrip opened at Rs. 299.40 and has touched a high and low of Rs. 323.00 and Rs. 299.40 respectively. So far 8089 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 458.05 on 01-Jul-2024 and a 52 week low of Rs. 200.55 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 323.00 and Rs. 290.80 respectively. The current market cap of the company is Rs. 1214.89 crore.
The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 13.26% and 16.59% respectively.
Rishabh Instruments’ wholly owned subsidiary -- Lumel SA has signed a contract with a leading Germany based company operating in the energy sector. The contract, valued at around Rs 50 crore, covers the supply of advanced electronic devices that will play a critical role in supporting industrial automation initiatives within the energy industry. This agreement is valid through the end of 2026, with strong potential for extension based on performance and evolving project needs.
This strategic partnership stems from several months of collaborative development and engineering efforts between the teams at Lumel SA and the German company. The resulting products are tailored solutions, engineered to address the specific technical and operational requirements of the energy sector.
Rishabh Instruments is a global energy efficiency solution company focused on electrical automation, metering and measurement, precision engineered products, et al. with diverse applications across industries including power, automotive and industrial sectors.
