Voltamp Transformers, a leading player in the transformer manufacturing industry, has recently secured a substantial purchase order worth ₹41 crore (exclusive of GST) from Adani Power Limited and Mahan Energen Limited, a wholly-owned subsidiary of Adani Power Limited. This significant contract marks a major milestone for VOLTAMP TRANSFORMERS as it will supply various ratings of distribution transformers for Adani Power Limited and Mahan Energen Limited’s power distribution needs.
The order is for the design, manufacturing, testing, and supply of high-quality distribution transformers, as per the special terms outlined in the Purchase Order. VOLTAMP is expected to execute this order within a timeframe of 12 months, meeting the specific requirements of Adani Power and Mahan Energen.
Key Highlights:
- Order Value: ₹41 Crore (exclusive of GST) for the supply of various ratings of Distribution Transformers.
- Awarding Entities: Adani Power Limited and Mahan Energen Limited (a wholly owned subsidiary of Adani Power).
- Nature of Order: Design, manufacture, testing, and supply of Distribution Transformers.
- Timeframe: Completion of the order within 12 months.
- Domestic Contract: The order is awarded by a domestic entity, Adani Power.
- Significance: Strengthens VOLTAMP TRANSFORMERS’ position in the power sector, enhancing its reputation with a key player in the energy industry.
In the meantime, Voltamp Transformers shares opened at 9,930.15, reaching a high of 10,042.85 and a low of 9,704.10. The stock has experienced significant fluctuations over the past 52 weeks, with a high of 14,800.00 and a low of 6,508.05.
