Electrical

Schneider Electric has appointed Preeti Bajaj as executive vice president, marking a significant leadership development at the global energy management and automation major. The move underscores the company’s focus on strengthening its leadership bench as it accelerates growth across digitalization, sustainability and advanced energy solutions. Bajaj brings extensive experience in technology-led businesses, organizational transformation and customer-centric strategy.

Orient Electric reported a 4.4% decline in net profit for the third quarter, registering Rs. 26 crore, reflecting a challenging operating environment marked by rising input costs and competitive pricing pressures. While revenue growth remained stable, higher raw material and logistics costs weighed on margins. Analysts note that the results highlight the sectoral pressures facing consumer electrical companies, including fluctuating commodity prices and intensified competition in the home appliances and lighting segments.

Mangal Electrical Ltd.’s initial public offering (IPO) has witnessed an overwhelming response from investors, being subscribed 9.46 times. The robust demand underscores investor confidence in the company’s growth prospects and the resilience of the electrical equipment sector. The IPO, aimed at bolstering the company’s financial position and funding expansion initiatives, drew significant participation from retail, institutional, and non-institutional investors alike.