Accord Transformer & Switchgear Secures Rs 19.97 Crore Order for Wind Turbine Transformers in Karnataka
Accord Transformer & Switchgear Limited has secured a significant domestic purchase order worth Rs 19,97,50,400 (Nineteen Crore Ninety Seven Lakh Fifty Thousand four Hundred) to supply transformers for a major wind energy project. The order is valued at Rs 19.97 Crores including GST and pertains to the manufacturing of specialized wind turbine transformers.The company stated that due to privacy terms and mutual understanding with the client, it was unable to disclose the name of the entity awarding the contract, but confirmed the client is a leading private sector EPC company.
Details regarding the order provided by Accord Transformer & Switchgear Ltd are summarized below:
| Particulars | Details |
|---|---|
| Nature of Order | Commercial Order for 3.6 MVA, 33kV/690V Wind Turbine Transformers and 3.6 MVA, 33kV/950V Wind Turbine Transformers |
| Client Type | Leading Private Sector EPC company (Domestic Entity) |
| Project Location | Gadag-1, Karnataka |
| Order Value | Rs 19.97 Crores including GST |
| Execution Timeline | Projects are tentatively scheduled to be completed within 5 months |
The contract involves the supply of transformers intended for a wind project located in Gadag-1, Karnataka. The order is classified as a commercial transaction with a domestic entity and does not involve any related party interests or transactions.
Accord Transformer & Switchgear Limited clarified that these orders are routine in nature and have been received within the normal course of business operations. The company confirmed that securing this contract does not result in any change to its risk profile, financial position, or business model beyond what has already been disclosed previously.
Stock Price Movement
Accord Transformer & Switchgear Ltd settled at ₹57.54 on Monday, edging higher and closing up 0.95%. The shares traded within an intraday range, reaching a low of ₹56.31 and peaking at ₹58.90.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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