Mumbai:  The global market growth for LT and HT electrical panels is expected to be huge even as United Nations statistics highlight urbanisation expanding to over 250 crores people in cities by 2050.

With decarbonisation witnessing Net Zero targets boosting electricity around 20% to 27% by 2030, industrialisation is expected to see over 50% energy consumption by 2050.

Amit Kanwar Jindal, Founder and Managing Director,  SHIVALIC, said he is upbeat about the company’s growth alongside the future growth of the electricals industry and market. Having achieved a Rs 102-crore Revenue and now the sky being the limit for growth opportunities in the LT and HT electricals market, SHIVALIC may be going in for an IPO soon this year.

Highlighting SHIVALIC’s development growth phase since its incorporation in 2004 and commencing LV panel assembly, Jindal told The Financial World over telephone recently, “The company later bought 5,500 sq. yards land in IMT Faridabad and partnered with Siemens (for IEC 61439 SIEPAN), Schneider (for Prisma IPM), L&T (for IEC 61439) and Epcos (TDK) for AHF before bagging its largest single order of the RBI Data Centre from HP worth Rs 28 crores.”

He said the company’s latest products featured the latest technology and IOT in line with global standards, while being manufactured in India and through tie-ups. SHIVALIC’s present focus is on “Green Energy, Sustainability and Net Zero,” with latest technology involved for CNG and Solar while using “zero-welded panels.”

“We are leading the way in earthquake-resistant panels, boosting energy efficiency and safety, while also ensuring resilience and sustainability for a safer future,” he said, while declaring a “from 90% to zero%” carbon footprint — alongside envisioning huge Indian consumption for its products in the next 10 years, besides its present exports to 12 countries and “a great opportunity waiting in Africa.”