Indo-Tech Transformers Limited, a leading player in the transformer manufacturing industry, has received a significant Letter of Award (LOA) dated December 30, 2024, for the supply of three 192 MVA transformers.
The total value of the order is INR 32.32 Crores, excluding applicable taxes. This announcement has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marking a key milestone for the company.
Key Details of the Order:
- Order Awarded By: Domestic Entity
- Execution Timeline: Two transformers to be delivered by November 2025, and one by December 2025
- Interest of Promoters/Group Companies: None. This is not a related party transaction under the Companies Act, 2013.
In the meantime, Indo-Tech shares opened at ₹2,738.95, reaching a high of ₹2,844.00 and a low of ₹2,661.00 during the day. The stock has seen significant price movements, with a 52-week high of ₹3,286.15 and a 52-week low of ₹633.75.
TOPICS:
Indo-Tech