Marsons Limited Secures Order Worth ₹33 Crore for Transformers in NTPC Renewable Energy Project
Marsons Limited has secured a contract worth ₹33,18,85,730.00 (including GST) for the supply of various transformers to Vikran Engineering Limited for the NTPC Renewable Energy Project.The order pertains to the supply of 17.6 MVA, 8.8 MVA and 4.4 MVA Oil Cooled (ONAN), OCTC, Outdoor Type, Aluminium wound, Inverter Duty Transformers. The contract is a domestic order under which Marsons Limited will execute the supplies within a timeframe of six months.
This transaction represents a significant business development for the company in the power infrastructure sector.
Key details of the contract are as follows:
| Feature | Detail |
|---|---|
| Order Value | ₹33,18,85,730.00 (incl. GST) |
| Client Entity | Vikran Engineering Limited |
| Project | NTPC Renewable Energy Project |
| Products Supplied | 17.6 MVA, 8.8 MVA and 4.4 MVA Oil Cooled (ONAN), OCTC Transformers |
| Order Origin | Domestic |
| Execution Timeline | 6 months |
Marsons Limited confirmed that the entity awarding the order, Vikran Engineering Limited, is a domestic organization. Furthermore, there is no involvement of Marsons Limited's promoter or promoter group in any interest concerning this contract. The order is not classified as a related party transaction.
MARSONS Stock Price Movement
Shares of Marsons Limited are edging higher to ₹123.56 as of 11:42 AM today, gaining 0.32%. The stock is seeing strong intraday momentum amid brisk trading activity, having seen over 1.09 million shares change hands in the live market.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.