Mangal Electrical Industries Ltd Mangal Electrical Industries Ltd (MEIL.NS) manufactures and processes transformer components and transformers for the power infrastructure industry. The company produces transformer laminations, CRGO slit coils, amorphous cores, coil and core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers; trades CRGO, CRNO coils, and amorphous ribbons; manufactures transformers with capacities from single-phase 5 kVA to three-phase 10 MVA; and provides EPC services for electrical substations. Incorporated in 2008 and headquartered in Jaipur, Rajasthan, India, it operates five production facilities in Jaipur and Reengus, serving governmental utilities such as Power Grid Corporation of India Limited, NTPC, and private energy producers including Voltamp Transformers Limited with a global footprint focused on India. Recent developments include its initial public offering in August 2025 raising ₹400 crore, listed on NSE and BSE; PGCIL approval for 765 kV class transformers and CRGO processing; expansion of CRGO capacity from 16,200 MT to 28,000 MT by January 2026 using IPO proceeds; development of Vacuum Circuit Breakers with commercial production slated for Q3 FY26; addition of a reputed Maharatna PSU to its customer base; and debt reduction enhancing its balance sheet.