Voltamp Transformers Secures ₹85 Crore Order from Gujarat Energy
Filing Summary
Voltamp Transformers Ltd has received a Letter of Intent from Gujarat Energy Transmission Corporation Limited for the supply of power transformers. The order is valued at approximately ₹85 Crore, inclusive of GST. The contract involves the design, manufacture, testing, and supply of various ratings of power transformers, with completion expected within six months. The order does not constitute a related party transaction, and there is no promoter interest in the awarding entity. This development is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Voltamp Transformers Ltd has announced the receipt of a Letter of Intent from Gujarat Energy Transmission Corporation Limited for the supply of power transformers. The order is valued at approximately ₹85 Crore, inclusive of GST. This information was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The contract involves the design, manufacture, testing, and supply of various ratings of power transformers as per the tender specifications. The execution of this order is expected to be completed within a period of six months. The order has been awarded by a domestic entity, and it does not fall under the category of related party transactions. Furthermore, there is no interest from the promoter or promoter group in the entity awarding the order.
The details of the order, as required under the applicable SEBI regulations, have been provided in the filing. The company has attached an annexure with the filing, which includes the particulars of the order and the terms and conditions associated with it.
Gujarat Energy Transmission Corporation Limited is a key player in the energy transmission sector, focusing on the development and maintenance of transmission infrastructure. The company is involved in various projects aimed at enhancing the efficiency and reliability of power transmission across the region.
Voltamp Transformers Ltd specializes in the manufacturing of transformers and related equipment. The company is committed to delivering high-quality products and services to its clients. It continues to focus on expanding its market presence and fulfilling the requirements of its clients in the power sector.