Stelmec Secures Rs175 Cr Investment to Power Expansion

Mumbai's Stelmec Limited raises Rs175 crores from Abakkus Four2Eight Opportunities Fund to boost expansion and innovation in electrical power products. Hem Securities facilitated the deal, highlighting their shared commitment to driving growth and excellence within the power sector.

Mumbai-based Stelmec Limited, a leading name in electrical power products, has successfully raised Rs175 crores from a consortium led by Abakkus Four2Eight Opportunities Fund. Hem Securities Ltd. played a critical role in structuring and executing the transaction.

The funds will boost Stelmec's expansion plans, enhance research and development, and enhance its market presence both domestically and internationally. The company specializes in manufacturing medium voltage switchgear and offers technology solutions for utilities.

The investment underscores the strength of Stelmec's business and aims to drive growth and create value for stakeholders. Hem Securities' advisory work was instrumental in facilitating the deal, marking a significant moment in Stelmec's journey towards innovation and growth.

(With inputs from agencies.)