Business Update31 Aug 2026, 04:40 pm
Indo Tech Transformers Bags ₹55 Cr Order from Waaree Renewable
AI Summary
Indo Tech Transformers Limited has secured a significant order valued at INR 55 Crores plus applicable taxes from WAAREE RENEWABLE TECHNOLOGIES LIMITED. The order entails the supply of five power transformers: three units of 170/175 MVA and two units of 125 MVA. The execution of this domestic order is scheduled between January 2027 and April 2027. The company confirmed that this transaction is not a related party transaction and is considered a material event due to its significance in the ordinary course of business.
Key Highlights
- Secured order worth ₹55 Crores plus taxes from Waaree Renewable.
- Order includes supply of 5 power transformers of varying capacities.
- Execution timeline set between January 2027 and April 2027.
- Transaction is domestic and not a related party deal.
- Order is considered a material event for the company.
Price Impact
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