Heavy Electrical Equipment Company Reports Robust Third Quarter Growth: Global Expansion and Receives Domestic Orders
DSIJ Intelligence-1Categories: Penny Stocks, Trending
The company has a market cap of over Rs 160 crore and gave multibagger returns of over 600 per cent in just 5 years.
Aartech Solonics Limited (ASL) demonstrated impressive operational resilience in the third quarter, achieving robust growth despite recent challenges at its Mandideep facility. The company secured several high-profile domestic contracts with major Indian utilities and public sector undertakings, including Indian Oil Corporation Ltd. (IOCL) and Punjab State Power Corporation Limited (PSPCL). These milestones include the deployment of critical High-Speed Bus Transfer (HSBT) systems and a strategic entry into the advanced substation automation market with 132kV SAS-based panels.
On the international front, ASL significantly expanded its global footprint with landmark orders from Oman and Qatar, alongside its inaugural export of Control & Relay Panels to the African market. A standout achievement was the dispatch of the CLIP (Critical Limiting Protection) system to Qatar, an intelligent fault-detection solution designed to maintain power continuity. This global momentum is further underscored by the company's BestCase Enclosures division, which was recently ranked among the top 25 plastic enclosure manufacturers worldwide.
By successfully diversifying its portfolio and entering new high-voltage segments, Aartech Solonics has reinforced its leadership in power system protection. The company's ability to secure repeat business from state transmission companies while simultaneously scaling its specialised industrial housing solutions highlights a strong dual-growth strategy. Moving forward, the combination of domestic infrastructure wins and a growing presence in Middle Eastern and African utilities positions ASL for sustained long-term performance.
About the Company
Aartech Solonics Limited, headquartered in Bhopal, India, is a distinguished provider of high-reliability power switching, control, and protection systems. The company has progressively diversified its expertise into advanced Defence technologies, delivering ruggedised, mission-critical equipment to various utilities, defence forces, and global markets. Aartech's steadfast commitment to quality, innovation, and operational integrity consistently solidifies its position as a trusted and essential partner within critical infrastructure and national security frameworks.
On Monday, shares of Aartech Solonics Ltd jumped 9.41 per cent to Rs 53.50 per share from its previous closing of Rs 48.90 per share. The stock’s 52-week high is Rs 105.57 and its 52-week low is Rs 46.81. The company has a market cap of over Rs 160 crore and gave multibagger returns of over 600 per cent in just 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.