Accord Transformer & Switchgear Signs Strategic MOU with Moscow to Expand Global Energy Footprint
Gurugram, March 25, 2026 — Accord Transformer & Switchgear Limited (ATS), a leading manufacturer of transformers and switchgear solutions in India, has signed a Memorandum of Understanding (MOU) with the Western Administrative District of the City of Moscow (Russian Federation). This agreement marks a significant step toward international collaboration in energy infrastructure and industrial development.The MOU establishes a framework for cooperation aimed at strengthening industrial ties, promoting sustainable energy solutions, and fostering technological exchange. The agreement, reflecting a shared vision to accelerate growth in power infrastructure and related sectors, was formally signed on March 22, 2026, in Haryana, India.
The MOU outlines collaboration across multiple strategic areas including:
- Development of Energy Infrastructure: Joint efforts in the supply, installation, and commissioning of transformers, distribution systems, switchgear, and related electrical equipment.
- Manufacturing & Industrial Cooperation: Exploration of joint ventures, local assembly units, and manufacturing facilities in Moscow to enhance localization and production capabilities.
- EPC Projects (Engineering, Procurement & Construction): Collaboration on large-scale infrastructure projects, including substations and industrial power systems.
- Government & Institutional Engagement: Strengthening ties with regulatory bodies, financial institutions, and industry stakeholders.
- Technology & Skill Development: Exchange of technical expertise, training programs, and capacity-building initiatives in areas such as transformer manufacturing, smart grids, and energy-efficient technologies.
The partnership aims to promote engagement through business delegations, technical discussions, and investment opportunities.
Mr. Pradeep Kumar Verma, Chairman & Managing Director, Accord Transformer & Switchgear Limited, stated, "This MOU represents a significant milestone in our journey toward global expansion. Our collaboration with the Western Administrative District of Moscow opens new avenues for technology exchange, infrastructure development, and international market access."
About Accord Transformer & Switchgear Limited:
Accord Transformer & Switchgear Limited is a provider of comprehensive energy solutions, specializing in the design, manufacturing, installation, and commissioning of transformers, substations, and switchgear systems. With advanced manufacturing facilities in Bhiwadi and a presence across power transmission, renewable energy, and industrial sectors, the Company is committed to delivering reliable, efficient, and future-ready infrastructure solutions.
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