The shares of Microcap company, specializing in manufacturing electrical equipment such as switchboards, transformers, and vacuum contactors for institutions, industries, and utilities and more, jumped upto 6 percent upon receiving a work order from Bharat Electrical Contractors & Mfrs Pvt. Ltd for Rs. 21.59 crores.
Price action
With a market capitalization of Rs. 181.90 crores on Tuesday, the shares of Akanksha Power & Infrastructure Ltd jumped upto 5.55 percent, making a High of Rs. 95.00 per share compared to its previous closing price of Rs. 90.00 per share.
What Happened
Akanksha Power & Infrastructure Ltd., specializing in manufacturing electrical equipment, has received a new domestic work order from Bharat Electrical Contractors & Mfrs Pvt. Ltd for Rs. 21.59 crores, representing approximately 27.33 percent of the company’s turnover.
The order is for the supply of PQS solutions, approved under the RDSS project in Maharashtra, with delivery expected by March 31, 2026. This order aligns with the company’s growth strategy.
About the Company
Akanksha Power & Infrastructure Ltd., established in 2008 and headquartered in Nashik, Maharashtra, specializes in manufacturing electrical equipment such as electrical panels, instrument transformers, and vacuum contactors. The company also offers services in power quality solutions, automated metering infrastructure, and turnkey electrical projects, aiming to enhance efficiency in electricity distribution and management.
Product & Service Portfolio
Akanksha Power & Infrastructure Ltd.’s product portfolio includes electrical panels (MCC, PCC, VFD), current/potential transformers (CT, PT, RVT), and vacuum contactors. Its service portfolio covers turnkey electrical project implementation and electricity distribution management.
Marquee Clients
The company has a set of marquee clients, including Military Engineer Services, Hindustan Aeronautics Limited, TATA, NMDC, Hitachi Energy, Indian Oil Corporation Limited, ABB, Mahindra, REC, and more.
Financials
The company’s revenue rose by 27.25 percent from Rs. 19.85 crore to Rs. 25.26 crore in H1FY24-25. Meanwhile, Net profit rose from Rs. 0.82 crore to Rs. 1.46 crore during the same period.
Written by Sridhar J
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