Accord Transformer & Switchgear Ltd Receives Order for Transformers Valued at Rs. 8.40 Crores
Accord Transformer & Switchgear Ltd has secured a significant order from a leading Private Sector Firm. The contract involves the supply of Transformers for a project encompassing CMGrid Road Work and Goldfinch Amravati Sport City Lucknow.The company specified that the project is scheduled for completion within a tentative period of 12 Months.
Key details regarding the received order are presented in the table below:
| Particulars | Details |
|---|---|
| Name of the entity awarding the order(s)/Contract(s) | Leading Private Sector Firm |
| Nature of Order(s)/ Contract(s) | Commercial Order for CSS Transformers for the project CMGrid Road Work and Goldfinch Amravati Sport City Lucknow |
| Broad Consideration or size of the order(s)/contract(s) | Rs. 8.40 Crores (Rupees Eight Crore Forty Lacs) |
| Order Status | Domestic Entity |
The company noted that the order size amounts to Rs. 8.40 Crores (Rupees Eight Crore Forty Lacs). Furthermore, Accord Transformer & Switchgear Limited clarified that these orders are routine in nature and were received in the normal course of business.
The company stated that the aforesaid orders do not result in any change in the business model, risk profile, or financial position beyond what has already been disclosed in the offer documents.
Stock Price Movement
As of 11:22 AM, Accord Transformer & Switchgear Ltd shares are sliding to ₹61.51, sinking 3.63% in trading today. The stock has moved within a noticeable intraday range, bouncing between ₹60.00 and a high of ₹64.80.Source:
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