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Abakkus Leads Rs 175 Cr Funding in Stelmec, With Hem Securities as Advisor
The Business Guardian
|February 24, 2025
Stelmec Limited secures ₹175 crore investment from Abakkus-led consortium to drive expansion and innovation.
Mumbai-based Stelmec Limited, a three-decade-old name synonymous with Electrical Power Products in India and a trusted partner to various State Owned and Private Power Utilities, has secured Rs 175 crores from a consortium led by Abakkus Four2Eight Opportunities Fund. The transaction was facilitated by Hem Securities Ltd., who played a pivotal role in structuring and executing the deal.
Stelmec is engaged in the manufacturing of MV switchgear and other value-added products for Transmission & Distribution networks. It is a leader in Vacuum Circuit breaker technology solutions in the field of MV Switchgear products for the Utility market. It is also engaged in EPC of High Voltage substations and T&D lines.
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