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Transformer stock jumps after it receives order for supply of transformers

Prominent transformer manufacturer has received an order valued at INR 32.32 crore for supplying three 192 MVA transformers, with deliveries planned for November and December 2025, enhancing its market position.
Transformer stock jumps after it receives order for supply of transformers
Transformer stock jumps after it receives order for supply of transformers

Introduction:

Leading transformer manufacturer has secured a Letter of Award (LOA) for supplying three 192 MVA transformers worth INR 32.32 crore. This order strengthens the company’s market position, with deliveries scheduled for completion between November and December 2025.

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Also Read: Railway stock jumps 3% after it receives order worth ₹137 Cr from Central Railway

Share price movement of Indo Tech Transformers:

On December 31, 2024, Indo Tech Transformers opened at ₹2,702.00, up 1.38% from its previous close of ₹2,764.05. The stock reached a high of ₹2,895.00 (1.56%) and a low of ₹2,696.10. By 1:01 PM, it traded at ₹2,807.10, a 1.56% increase, with a market cap of ₹2,981.14 crore.

Indo-Tech Secures ₹32.32 Cr Order:

Indo-Tech Transformers Limited has received a Letter of Award (LOA) for supplying three 192 MVA transformers, valued at INR 32.32 crore, with applicable taxes. The order strengthens the company’s position in the power sector.

The transformers will be delivered in two phases, with two units due for completion in November 2025 and the remaining one in December 2025. This significant order, awarded by a domestic entity, is an important milestone for Indo-Tech Transformers.

Stock performance of Indo Tech Transformers for Period of 1 week, 6 months and 1 year:

Indo Tech Transformers Ltd. has seen a 7.42% decline over the past week, a 56% gain over the last six months, and an impressive 298% return over the past year, showcasing significant long-term growth despite short-term fluctuations.

Also Read: Infra stock in focus after it sells stake in 11 Spvs for ₹2,324 Cr

Shareholding pattern of Indo Tech Transformers:

All values in %Sep 2024Jun 2024Mar 2024
Promoter75.00%75.00%75.00%
FII0.40%0.40%0.00%
DII0.00%0%0.00%
Public24.60%24.60%25.00%
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About Indo Tech Transformers:

Indo Tech Transformers Ltd. (NSE: INDOTECH) is a leading manufacturer of power, distribution, and special application transformers. With plants in Kerala and Tamil Nadu, it serves over 3,900 customers globally, including SEBs, EPC contractors, and corporate clients.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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