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Rishabh Instruments’ arm wins European Union Project for Co-Financing

29 Feb 2024 Evaluate

Rishabh Instruments’ Material Subsidiary -- Lumel S.A. situated in Zielona Gora, Poland has won a Project for Development of innovative control and protection devices for strategic areas of the energy industry and innovative technology for their production, based on a fully automated production process and quality control of devices under European Funds for a Modern Economy Program, Priority 1 for proposals FENG.01.01-IP.01-003E/23, European Funds for the Support for Entrepreneurs, Recruitment FENG.01.01-IP.01-001/23 - SMART Path. The execution of this project will be over the course of next 3 years. Total Cost of the Project is Rs 37.12 crore. Eligible cost of the project is Rs 30.75 crore. Subsidy Amount is Rs 12.82 crore.

Rishabh Instruments is a global energy efficiency solution company focused on electrical automation, metering and measurement, precision engineered products, et al. with diverse applications across industries including power, automotive and industrial sectors.

Rishabh Instruments Share Price

472.00 -12.40 (-2.56%)
30-Apr-2026 16:59 View Price Chart
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