Marsons Ltd Secures Order from FTC Solar for Transformer Supply
Filing Summary
Marsons Ltd has received a purchase order valued at INR 5,74,08,750 from FTC Solar Inc, USA. The order involves the supply of various ratings of pad-mounted transformers. The contract is international and is scheduled for completion within six months. There is no interest from the promoter group in FTC Solar, and the transaction does not qualify as a related party transaction. This development was disclosed under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements.
Marsons Ltd has announced the receipt of a purchase order from FTC Solar Inc, USA. The order is valued at INR 5,74,08,750 and involves the supply of various ratings of pad-mounted transformers. The transaction is classified as international, with a completion timeline of six months.
The order does not involve any interest from the promoter or promoter group of Marsons Ltd in FTC Solar Inc. Additionally, the transaction does not fall under related party transactions. This information was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
FTC Solar Inc is a company engaged in providing solar tracking solutions. The company focuses on delivering innovative solar technology to enhance energy efficiency and optimize solar power generation.
Marsons Ltd specializes in the manufacturing and supply of transformers. The company is committed to expanding its market presence through strategic international orders and enhancing its product offerings in the electrical equipment sector.