Marsons Ltd Secures Letter of Intent Worth ₹31 Crore from AEGCL for Power Transformer Supply
Marsons Limited has received a Letter of Intent (LoI) valued at ₹31,26,70,500.00 (including GST) from Assam Electricity Grid Corporation Limited. The contract pertains to the supply of 132/33kV, 50MVA Power Transformers and Related Services for various substations under Package-T-3.The agreement involves the domestic supply of critical infrastructure components and associated services. The LoI details the requirements for Durlavcherra, Karimganj, and Srikona Substations of AEGCL.
The contract execution period is set for 12 months. According to the terms provided, the order falls under domestic supply, and there is no reported interest by the promoter or the promoter group in Assam Electricity Grid Corporation Limited, nor are the transactions related party transactions.
Key details of the deal between Marsons Ltd and AEGCL are presented below:
| Detail | Information |
|---|---|
| Awarding Entity | Assam Electricity Grid Corporation Limited |
| Contract Scope | Domestic Supply of 132/33kV, 50MVA Power Transformers and Related Services for Durlavcherra, Karimganj & Srikona Substations of AEGCL (Package-T-3). |
| Consideration Value | ₹31,26,70,500.00 (incl. GST) |
| Contract Timeline | 12 months |
| Nature | Domestic Order |
MARSONS Stock Price Movement
As of 1:51 PM, shares of Marsons Limited are slipping by 5.11% in live trading, currently trading at ₹134.38 as investors digest ongoing market pressures. The stock has tested a low of ₹133.24 today, after reaching an intraday high of ₹142.63 and seeing significant activity with 797,938 shares traded.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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