Accord Transformer & Switchgear Ltd

Accord Transformer & Switchgear Ltd has secured a domestic purchase order worth ₹51,09,400 (including GST) from Sterling And Wilson Renewable Energy Limited for the supply of transformers. The order was received during the period from July 29, 2026, to August 03, 2026. The company clarified that these are routine orders in the ordinary course of business and do not significantly alter its business model, risk profile, or financial position. The project is expected to be completed within one month.

Accord Transformer & Switchgear Ltd has released its Q1 FY27 Business Update, detailing operational and business developments. The company's order book stands at ₹159 Crore as of July 22, 2026. Key developments include strengthening its product portfolio through partnerships with Schneider Electric and Lucy Electric, adding Aditya Birla Renewables and UGVCL to its approved vendor list, and successfully completing a CPRI Dynamic Short Circuit Test for its 17.6 MVA Inverter Duty Transformer. The company also signed an MoU with the Western Administrative District of Moscow for international opportunities and is developing a new 5,000 MVA transformer manufacturing facility. Accord Transformer serves the power transmission & distribution, renewable energy, industrial, and electric mobility sectors from its Bhiwadi, Rajasthan facility.

Accord Transformer & Switchgear Ltd has received vendor approval from Aditya Birla Renewables Limited, a significant step reinforcing its presence in India's renewable energy sector. This approval allows Accord to supply transformers for Aditya Birla Renewables' projects, subject to specific requirements. The vendor status was granted after a thorough evaluation of Accord's manufacturing capabilities, quality systems, and technical expertise. This development is expected to create new opportunities for Accord in utility-scale solar, wind, and hybrid power projects, aligning with India's energy transition goals and Accord's strategic expansion plans.

Accord Transformer & Switchgear Ltd has acquired land in Khairthal, Rajasthan, for ₹8.85 Crore, with an additional ₹1.82 Crore in expenses for stamp duty and commission. The acquisition, spanning 20,300 Sq. Meters, is intended to support the company's long-term strategic growth plans, including the expansion of manufacturing facilities, warehousing, and testing infrastructure. No prior governmental or regulatory approvals are required for this acquisition, and the Sale Deed execution is expected by July 7, 2026. This move aims to strengthen operational capabilities and provide land for future business expansion.

Accord Transformer & Switchgear Ltd has announced receiving a significant domestic purchase order for the supply of transformers. The order is valued at ₹19.97 Crores (including GST) and is for Wind Turbine Transformers for a wind project in Gadag-1, Karnataka. The company expects to complete the project within 5 months. The order has been placed by a leading private sector EPC company, whose name is undisclosed due to privacy terms. The company has clarified that these are routine orders received in the normal course of business and do not alter its business model, risk profile, or financial position.

Accord Transformer & Switchgear Limited has received formal Vendor Registration Approval from Uttar Gujarat Vij Company Limited (UGVCL), a subsidiary of Gujarat Urja Vikas Nigam Limited. This approval, valid for five years, follows a successful factory inspection and technical evaluation. It allows the company to manufacture and supply 500 KVA, 11/0.415 KV Level-1 CRGO Copper Wound Distribution Transformers. This registration enables Accord Transformer to directly participate in tenders floated by UGVCL and associated Gujarat power utilities, strengthening its market presence in India's power distribution sector. The company's Chairman & Managing Director highlighted this as a significant achievement, reinforcing their commitment to quality and expanding their participation in utility-driven projects in Gujarat.

Accord Transformer & Switchgear Ltd has secured a domestic purchase order worth ₹47 Lakhs from Sunsure Energy Private Limited for the supply of transformers. The order is for 150 kVA and 500 kVA Aux Transformers for Solar Project/ BESS Projects in Mundsar, Rajasthan. The project is expected to be completed within three months. This order is considered routine and does not significantly alter the company's business model, risk profile, or financial position.

Accord Transformer & Switchgear Ltd has secured a significant domestic purchase order worth ₹1,03,20,000 for the supply of transformers. The order is for the end client Jabalpur Municipal Corporation, Madhya Pradesh, and is scheduled for execution within three months. The company clarified that these are routine orders received in the normal course of business and do not alter its business model, risk profile, or financial position.

Accord Transformer & Switchgear Ltd has submitted the transcript of its earnings conference call held on June 01, 2026. The call discussed the Audited Financial Results for the Half Year and Year ended March 31, 2026. Key highlights from the call included securing orders worth INR 9.70 crores, expanding the approved vendor base with MVVNL, DHBVNL, and UGVNL, and receiving vendor approval from Toyota. The company also bid on projects worth INR 125 crores with MVVNL and INR 100 crores with Torrent Power. A strategic MoU was signed with the Western Administrative District of Moscow for energy infrastructure development. Financially, FY26 reported total income of INR 70.60 crores, EBITDA of INR 7.31 crores (10.39% margin), and Profit After Tax of INR 4.50 crores. H2 FY26 saw total income of INR 42.59 crores, EBITDA of INR 5.01 crores (11.77% margin), and PAT of INR 3.25 crores. Management attributed a revenue decrease in H1 FY26 compared to H1 FY25 to customer-side project delays, with revenue recognition deferred to the current financial year.

Accord Transformer & Switchgear Ltd announced its FY26 results, reporting a total income of ₹7,035.71 Lakhs and H2 FY26 total income of ₹4,259.45 Lakhs. The company witnessed healthy business momentum driven by demand from power distribution, infrastructure, industrial, and utility sectors. It secured multiple transformer supply orders, completed a Dynamic Short Circuit Test, and signed an MoU with the Western Administrative District of Moscow for energy infrastructure projects.