Indo SMC shares rallied sharply after the company announced it had secured a significant order worth ₹66.60 crore from a prominent Indian engineering firm.
The contract, for the supply of Variable Frequency Drive (VFD) panels, is scheduled for completion by July 31, 2026.
The news triggered a substantial market reaction, with the stock jumping approximately 190% from its March lows.
The news triggered a substantial market reaction, with the stock jumping approximately 190% from its March lows.
The order win underscores growing demand for industrial automation components in India’s engineering sector.
For a company that made its stock market debut earlier this year, the contract represents a material revenue booking and validates its market positioning shortly after listing.
The VFD panels are critical for energy-efficient motor control in industrial applications, aligning with broader trends in manufacturing modernization.