Support and Resistance Levels
Past performance
About Mangal Electrical Industries Ltd **Mangal Electrical Industries Limited** (MEIL) is a key player in the power infrastructure and transformer component manufacturing industry. Established as a partnership firm in 1989, it transitioned to a private limited company in 2008 and subsequently became a public limited entity in July 2024. Headquartered in Rajasthan, the company operates five production facilities with an extensive production capacity, including 16,200 MT for CRGO, 7,50,000 KVA for transformers, 75,000 units for oil-immersed circuit breakers (ICBs), and 2,400 MT for amorphous units annually.
The company specializes in processing transformer components such as CRGO slit coils, amorphous cores, coil assemblies, and toroidal cores. It also trades in CRGO and CRNO coils and amorphous ribbons. Additionally, MEIL manufactures a wide range of transformers with capacities between single-phase 5 KVA to three-phase 10 MVA (medium power). The firm further stands out in providing customized EPC (Engineering, Procurement, and Construction) services for setting up electrical substations in the power infrastructure sector.
In 2023, MEIL expanded its operations through the merger of Dynamic Powertech Private Limited (DPPL) under a Scheme of Arrangement. The merger was executed with a share exchange ratio of 12 MEIL equity shares of Rs 10 each for every 1 equity share of DPPL. This strategic acquisition enhances the company’s business portfolio and market presence.
MEIL is preparing for an Initial Public Offering (IPO) to raise up to Rs 450 crore through the issuance of fresh equity shares of Rs 10 each. With its established expertise, production capabilities, and growth-oriented strategies, the company caters to the increasing demand for power infrastructure solutions, making it a significant contender in the electrical components and transformer market.