Indo Tech Transformers Ltd witnessed a sharp rally in its stock price, rising 4% in morning trade on Friday, after the company announced that it has received a significant purchase order from Avaada Clean Project Private Limited. As of 9:25 AM, the shares were trading 3.30% higher at Rs 1,848.40.
The order, dated September 4, 2025, is valued at ₹78.39 crore excluding taxes and covers the manufacture and supply of nine 125 MVA transformers. According to the company’s disclosure, the delivery of these transformers will be carried out in phases, with two units scheduled for March 2026, followed by three each in April and May 2026.
Indo Tech also clarified that the contract has been awarded by a domestic entity, involves no related party transaction, and that the promoters or promoter group have no financial interest in the ordering company.
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