Business Update1 Sept 2026, 06:00 pm
Indo Tech Transformers Bags ₹55 Cr Order for Power Transformers
AI Summary
Indo Tech Transformers Limited has received a Letter of Award (LoA) valued at INR 55 Crores plus applicable taxes for the supply of five power transformers. The order includes three units of 170 MVA/175 MVA power transformers and two units of 125 MVA power transformers. The domestic order is to be executed between January 2027 and April 2027. The company confirmed that this transaction does not fall within the definition of a related party transaction and is considered a material event due to its significant value.
Key Highlights
- Secured a significant order worth ₹55 Crores plus taxes.
- Order involves the supply of five power transformers.
- Execution timeline set between January 2027 and April 2027.
- Transaction confirmed as not a related party deal.
- Order awarded by WAAREE RENEWABLE TECHNOLOGIES LIMITED.
Price Impact
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