Lumel SA signs ~ Rs 50 Crs contract with leading German Energy Company

Rishabh Instruments Limited, a global energy efficiency solution provider, is pleased to announce that its wholly owned subsidiary, Lumel SA, has signed a significant contract with a leading Germany based company operating in the energy sector. The contract, valued at €5 million (~ Rs 50 Crores), 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.

This agreement marks a significant milestone in Lumel SA's international expansion strategy, highlighting our continued commitment to innovation and delivering high-performance solutions that drive efficiency and reliability across global energy systems. As the partnership deepens, discussions are underway to incorporate Lumel SA's proprietary products which will further solidify our position as a comprehensive solutions provider in European energy sector.

In May 2025, Lumel SA successfully completed a pivotal phase of its modernization program by commissioning one of Europe's most advanced electronics assembly lines. This strategic investment has substantially increased both production capacity and operational flexibility.

Commenting on the announcement, Mr Dineshkumar Musalekar, Whole-Time Director of Rishabh Instruments Limited, said, "This €5 million contract marks a pivotal milestone in our European expansion strategy, affirming us as a trusted technology partner in the global energy sector. Our collaboration with the leading Germany based energy sector company, a respected leader across Europe and international energy markets, underscores our capability to deliver sophisticated, customized solutions for critical industrial applications.

The success of our recent facility modernization has strategically positioned us to meet the growing demand for advanced energy automation solutions. Germany's leadership in the energy transition makes this partnership very crucial for us. As we continue to expand our product portfolio, this collaboration establishes a robust foundation for sustained growth in Europe's most dynamic energy markets".

Shares of Rishabh Instruments Limited was last trading in BSE at Rs. 300.95 as compared to the previous close of Rs. 298.80. The total number of shares traded during the day was 1841 in over 131 trades.

The stock hit an intraday high of Rs. 301.60 and intraday low of 295.40. The net turnover during the day was Rs. 552387.00.

Source : Equity Bulls

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