Accord Transformer Secures Vendor Registration from UGVCL to Boost Power Distribution Market Presence
Gurugram, June 24, 2026 - Accord Transformer & Switchgear Limited has received Vendor Registration Approval from Uttar Gujarat Vij Company Limited (UGVCL). This significant development strengthens the company's position in India’s power transmission and distribution ecosystem. The approval pertains to the manufacturing and supply of 500 KVA, 11/0.415 KV Level-1 CRGO Copper Wound Distribution Transformers.UGVCL, a subsidiary of Gujarat Urja Vikas Nigam Limited (GUVNL), is one of the key electricity distribution companies serving Gujarat. The registration enables Accord Transformer & Switchgear Limited to participate in tenders floated by UGVCL and other associated Gujarat power utilities, subject to applicable tender conditions, thereby expanding its market reach across state-level utilities.
The vendor approval followed a comprehensive process that included factory inspection and technical evaluation of the company's manufacturing capabilities and quality systems. The registration has been granted for a duration of five years, signaling confidence in Accord Transformer & Switchgear Limited’s product quality and infrastructure.
This achievement is integral to the company's strategic initiative to expand its footprint across state utilities and power distribution companies. Mr. Pradeep Kumar Verma, Chairman and Managing Director of Accord Transformer & Switchgear Limited, stated that the UGVCL approval reinforces the commitment of the company to delivering reliable power distribution solutions. He added that Gujarat remains a vital industrial growth hub in India, and this recognition enhances their ability to participate in utility-driven projects across the region.
Accord Transformer & Switchgear Limited is recognized as a leading provider of comprehensive energy solutions, specializing in the design, manufacturing, installation, and commissioning of transformers and switchgear systems. The company maintains advanced manufacturing facilities and focuses on delivering efficient infrastructure solutions within power transmission, renewable energy, and industrial sectors.
Stock Price Movement
Accord Transformer & Switchgear Ltd shares edged higher, settling at ₹54.65 for the day, up ₹0.10 or 0.18% (Wednesday). Throughout the trading session, the stock moved within a range from a low of ₹54.30 to a high of ₹56.97.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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