Indo SMC has solidified its market position by securing a substantial ₹66.6 crore contract for the supply of Variable Frequency Drive panels. The order, placed by a prominent domestic engineering firm, is slated for full execution by July 31, 2026.
This contract win follows a period of robust financial performance for the company, which recently reported a net profit jump to ₹32 crore for the fiscal year. The positive momentum has translated into investor confidence, with the company’s share price witnessing an impressive 190% surge since its March lows.
Investors remain optimistic as the firm scales its operations to meet the new demand. The upcoming project serves as a key indicator of Indo SMC’s expanding footprint in the industrial engineering sector.
