Mangal Electrical Received Renewal Accreditation From PGCIL, valid up to April 2029.
Mangal Electrical Industries Limited, a company that manufactures transformers and customised products in the power infrastructure industry, on 17 April, said that,
The Company has received the renewal of the Power Grid Corporation of India Limited (PGCIL) 765 kV-class approval. Source: BSE.
Details
According to the exchange data, Mangal Electrical (the company) has successfully received the renewal accreditation for the manufacturer approval validity extension from the Power Grid Corporation of India Limited, a Government of India Enterprise.
The renewal contract is for the Prime CRGO Coils Slitting and Laminations Cutting for Transformers & Reactors up to 765 kV class for POWERGRID projects.
This reaffirms the strong position of Mangal Electrical Industries Limited (MEIL) in the large power transformer segment, a company spokesperson added.
Validity
The licence (contract) is valid up to April 22, 2029.
Exchange Compliance
The Company has filed these details in accordance with Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Company came up with an IPO in August 2025 and raised INR 400 crore.
Refer to Mangal Electrical news for further details.
Market Cap: The company’s market capitalization is ₹840 crore.
Technical: The stock is currently trading above its 20-day and 50-day simple moving average but below its 100-day SMAs.
Price Performance: On a year-to-date basis, Mangal Electrical’s share is down 18.50% and down by 10.15% over the last three-month period. However, the company’s shares are trading 31.50% higher over the last one-month period.
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