Mumbai (Maharashtra) [India], August 20: Supreme Power Equipment Limited(SPEL) (NSE Code: SUPREMEPWR), a leading manufacturer of power and distribution transformers, today announced a significant milestone. The company has been awarded a substantial contract valued at ₹3.41 Cr from Seshasayee Paper and Boards Limited, a renowned paper mill company. This achievement underscores our financial stability and growth in the industry.
Under this contract, Supreme Power Equipment Limited will refurbish Seshasayee Paper and Boards Limited’s existing power and distribution transformers. The project will replace old parts with new, high-performance components designed and manufactured by Supreme Power Equipment Limited. This refurbishment aims to enhance the transformers’ efficiency and reliability significantly.
The contract encompasses the complete design, manufacture, fitting, and testing of the new parts. The Company is committed to delivering the project within three to four months, ensuring minimal disruption to Seshasayee Paper and Boards Limited’s operations.
This order further reinforces Supreme Power Equipment Limited’s position as a trusted partner in the power sector, offering innovative solutions that enhance the performance and longevity of critical electrical infrastructure.
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Commenting on the achievement, Mr Vee Rajmohan, Chairman and Managing Director of Supreme Power Equipment Limited, said, “I am pleased to announce that we have secured a significant contract valued at ₹ 3.41 Cr from Seshasayee Paper and Boards Limited. We are equally excited to welcome such a renowned player in the paper industry to our growing portfolio of esteemed clients. This project underscores our commitment to excellence and innovation in the power sector. We will refurbish their existing power and distribution transformers, replacing old components with new, high-performance parts designed and manufactured by our expert team. This contract strengthens our partnership with Seshasayee Paper and Boards Limited and reaffirms our position as a trusted player in transformer refurbishment and manufacturing. We are dedicated to completing this project within the next three to four months, ensuring that the upgraded transformers will deliver enhanced performance and reliability. At Supreme Power Equipment Limited, we constantly strive to exceed our client’s expectations by providing cutting-edge solutions that meet the highest standards of quality and efficiency. I am confident that our team will successfully deliver on this commitment, further solidifying our reputation in the industry.” |
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