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Supreme Power Equipment and Danya Electric Company Secure New Partnership Order

Jan 04, 2025over 1 year ago

Contract Type

partnership

ChennaiManufacturingEnergy

Description

Supreme Power Equipment Limited (SPEL) and its subsidiary, Danya Electric Company, have secured a new partnership order worth Rs.20 Cr. SPEL has been awarded a significant order worth Rs 12.81 Cr from the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) for the supply of 100 kVA distribution transformers. Additionally, Danya Electric Company, in which SPEL holds a 90% stake, has secured a new order worth Rs 7.26 Cr. This achievement further solidifies SPEL's strong relationship with TANGEDCO and reflects the growing trust in SPEL's extended capabilities through its strategic partnerships.

Company Information

Company

Supreme Power Equipment Limited (SPEL) and Danya Electric Company

Location

Chennai, Tamil Nadu, India

About

Supreme Power Equipment Limited (SPEL) is one of the leading manufacturers of power and distribution transformers. Danya Electric Company is a partnership firm in which SPEL holds a 90% stake. The companies are based in Chennai, Tamil Nadu, India.

Predictive Intelligence
Strategic

ML-powered predictions for Supreme Power Equipment Limited (SPEL) and Danya Electric Company's next move

Learn about Strategic plan

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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