Sanil Electric Wins KRW42.6 Billion Supply Order for Transformers

MT Newswires Live

06/23

South Korea-based Sanil Electric (KRX:062040) secured a supply order for transformers for battery energy storage systems (BESS) and renewable energy from an undisclosed client, according to a Monday filing with the Korean Exchange.

The contract, valued at 42.6 billion won, is valid until Dec. 7, 2031.

Shares of Sanil Electric rose nearly 1% in recent trade.

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