Laxmi Organic Secures 5-Year Global Sourcing Agreement with Hitachi Energy for Eco-Efficient Gas
The contract is a substantial 5-year global sourcing agreement with a prominent international player, Hitachi Energy, and involves a significant capex commitment of ₹ 75 crore by Laxmi Organic, suggesting a considerable positive impact on the company's long-term revenue, market position, and operational expansion.
Laxmi Organic Industries Limited has secured a significant 5-year global sourcing agreement with an international entity, Hitachi Energy, for a specialized eco-efficient gas, indicating new business growth and a strategic partnership.
* On September 10, 2025, Laxmi Organic Industries Limited entered into a Global Sourcing Agreement with Hitachi Energy Limited, Zurich, Switzerland. * The agreement is for the supply of an eco-efficient gas, which will be used in Hitachi Energy's SF6-free high-voltage switchgear portfolio. * This is an international contract awarded by Hitachi Energy Limited, Switzerland, with a duration of 5 years. * While the overall size of the contract cannot be precisely determined at this stage, the total capex commitment by Laxmi Organic Industries Limited under this contract will be approximately ₹ 75 crore. * The contract does not involve any promoter/promoter group/group company interest in the awarding entity and is not a related party transaction.
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