Financial Wire

Rishabh Instruments Unit Clinches EUR3 Million Order From German Client

-- Lumel, a wholly-owned subsidiary of Rishabh Instruments (NSE:RISHABH, BOM:543977), has secured an additional order worth 3 million rupees for an undisclosed German company, according to a Thursday filing to the Indian stock exchanges.

The company's shares were up nearly 2% in Friday's trade.

This is the second contract from the same client and is for the supply of advanced electronic devices for industrial automation applications within the energy sector.

The agreement is valid through the end of 2027, with potential for extension.

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