+
Accord Transformer Wins Orders For 17 Power Transformers
POWER & RENEWABLE ENERGY

Accord Transformer Wins Orders For 17 Power Transformers

Accord Transformer & Switchgear Limited (Accord Transformer & Switchgear) has received two purchase orders from Megha Engineering & Infrastructures Limited (Megha Engineering) for the supply of transformers aggregating Rs 96.91 million (mn) including GST. The orders, placed under two purchase order references, comprise amounts of approximately Rs 18.10 mn and Rs 78.80 mn respectively. The company indicated the orders were received in the ordinary course of business and disclosed the matter under Listing Regulations. The announcement was submitted to the stock exchange in accordance with regulatory requirements.

The orders consist of commercial supplies of 11 kV and 22 kV power sub?station transformers to support electric vehicle charging station development projects. The aggregate quantity is 17 transformers, configured as 15 x 2000 kVA and two x 2500 kVA across the two purchase orders. Delivery locations are domestic and the contracting party is a domestic entity. The company identified the nature of the orders as commercial supply contracts.

Price is firm and fixed with 100 per cent payment through an irrevocable 60?days Usance Letter of Credit. Deliveries are scheduled between 31.10.2026 for PO 4500111258 and 31.03.2027 for PO 4500111257, with manufacturing clearance and drawing approval gating production. Delivery lead time is six to eight weeks from manufacturing clearance or drawing approval and pre?dispatch inspection and testing apply. Liquidated damages are 0.5 per cent per week of delay capped at 5 per cent and warranty extends for 60 months from commissioning and 66 months from receipt.

The order value on a basic basis is Rs 82.12 mn with IGST at 18 per cent amounting to Rs 14.78 mn, resulting in an invoice value including GST of Rs 96.91 mn. The company confirmed there is no interest of the promoter, promoter group or group companies in the contracting entity and the contracts do not constitute related party transactions. Dispute resolution is by arbitration under the Arbitration and Conciliation Act, 1996 with venue and jurisdiction at Hyderabad. The company requested the exchange to take the disclosure on record.

Accord Transformer & Switchgear Limited (Accord Transformer & Switchgear) has received two purchase orders from Megha Engineering & Infrastructures Limited (Megha Engineering) for the supply of transformers aggregating Rs 96.91 million (mn) including GST. The orders, placed under two purchase order references, comprise amounts of approximately Rs 18.10 mn and Rs 78.80 mn respectively. The company indicated the orders were received in the ordinary course of business and disclosed the matter under Listing Regulations. The announcement was submitted to the stock exchange in accordance with regulatory requirements. The orders consist of commercial supplies of 11 kV and 22 kV power sub?station transformers to support electric vehicle charging station development projects. The aggregate quantity is 17 transformers, configured as 15 x 2000 kVA and two x 2500 kVA across the two purchase orders. Delivery locations are domestic and the contracting party is a domestic entity. The company identified the nature of the orders as commercial supply contracts. Price is firm and fixed with 100 per cent payment through an irrevocable 60?days Usance Letter of Credit. Deliveries are scheduled between 31.10.2026 for PO 4500111258 and 31.03.2027 for PO 4500111257, with manufacturing clearance and drawing approval gating production. Delivery lead time is six to eight weeks from manufacturing clearance or drawing approval and pre?dispatch inspection and testing apply. Liquidated damages are 0.5 per cent per week of delay capped at 5 per cent and warranty extends for 60 months from commissioning and 66 months from receipt. The order value on a basic basis is Rs 82.12 mn with IGST at 18 per cent amounting to Rs 14.78 mn, resulting in an invoice value including GST of Rs 96.91 mn. The company confirmed there is no interest of the promoter, promoter group or group companies in the contracting entity and the contracts do not constitute related party transactions. Dispute resolution is by arbitration under the Arbitration and Conciliation Act, 1996 with venue and jurisdiction at Hyderabad. The company requested the exchange to take the disclosure on record.

Related Stories

Gold Stories

Next Story
Technology

UniSteps Launches BcStep for Construction Industry

UniSteps Consulting has launched BcStep, a Business Operating Network (BON) designed to bring project information, communication, tasks and workflows onto a single digital platform for the construction industry.The platform is aimed at connecting developers, architects, consultants, project management consultants, contractors, suppliers and internal teams. BcStep integrates enterprise resource planning (ERP), human resource management (HRM), chat, email and task management within one ecosystem.The company said the platform is designed to reduce time spent searching across multiple systems, man..

Next Story
Technology

Onward Technologies Renews Rs. 444.6 mn Digital Services Contract

Onward Technologies has renewed a multi-year Managed Digital Services contract, with an expanded scope valued at Rs. 444.6 mn over the contract tenure. The engagement is with one of the world’s leading manufacturers of construction and mining equipment and will run from August 2026 to August 2029, according to a regulatory filing dated September 21, 2026. The renewed contract represents a 72 per cent increase in value compared with the previous agreement. The expansion reflects the customer’s continued confidence in Onward Technologies’ delivery capabilities, digital engineering expertis..

Next Story
Real Estate

Ashiana Housing to Invest Rs. 10 bn in FY27 Land Acquisition

Ashiana Housing plans to invest around Rs. 10 bn in land acquisition during FY27 as it expands its housing and senior living businesses across major markets. The company has sufficient cash to fund the investment, managing director Vishal Gupta said in comments to PTI. The real estate developer is seeking land for regular group housing and senior living projects in Delhi-NCR, Rajasthan, Maharashtra and Tamil Nadu. Acquisitions will be made through outright purchases as well as joint development arrangements with landowners. The company expects sales bookings in FY27 to remain broadly similar t..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code