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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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.
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Shareholding pattern of Indo Tech Transformers:
All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
Promoter | 75.00% | 75.00% | 75.00% |
FII | 0.40% | 0.40% | 0.00% |
DII | 0.00% | 0% | 0.00% |
Public | 24.60% | 24.60% | 25.00% |
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.