Deals31 Dec 2024, 03:50 pm
Indo-Tech Transformers Limited Secures INR 32.32 Crores Order for 3 Nos of 192 MVA Transformers
AI Summary
Indo-Tech Transformers Limited has received a Letter of Award (LOA) dated 30.12.2024 for the supply of 3 Nos of 192 MVA transformers. The aggregate value of the order under the said LOA is INR 32.32 Crores plus applicable taxes. The order is to be executed in two parts, with 2 Nos in November 2025 and 1 No in December 2025. The company confirms that this transaction does not fall within the definition of a related party transaction as specified under the provisions of the Companies Act, 2013.
Key Highlights
- Indo-Tech Transformers Limited has secured an order worth INR 32.32 Crores plus applicable taxes for the supply of 3 Nos of 192 MVA transformers.
- The order is to be executed in two parts, with 2 Nos in November 2025 and 1 No in December 2025.
- The company has confirmed that this transaction does not fall within the definition of a related party transaction as specified under the provisions of the Companies Act, 2013.