Indo-Tech Transformers secures Rs 65 crore transformer order
Author: PPD Team Date: January 14, 2026
Author: PPD Team Date: January 14, 2026
Indo-Tech Transformers Limited has received a new order valued at Rs 64.99 Crores plus applicable taxes. The company disclosed the development on January 09, 2026, through a regulatory filing.
The order was awarded through a Letter of Intent dated January 08, 2026, by Renew Wind Energy (JAMB) Private Limited. Under the contract, Indo-Tech Transformers will manufacture and supply six units of 220 kV 165 MVA power transformers.
According to the filing, the delivery of all six transformers is scheduled between February 2027 and May 2027. The company has clarified that the transaction does not fall under related party transactions. It has also stated that none of its promoters or group entities have any interest in the awarding company.
The featured photograph is for representation only.
Author: PPD Team Date: May 7, 2025 The Cabinet of Assam has approved the release of Rs 2.44 billion for land acquisition to upgrade the 220 kV grid substation of Assam Electricity Grid Corporation Limited (AEGCL) at Sarusajai in Guwahati. This move is part of Assam’s effort to strengthen its transmission infrastructure and support growing industrial demand. The substation renovation is expected to improve grid reliability and accommodate future load growth in the region. In…
Author: PPD Team Date: February 11, 2025 The Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended granting Terms of Reference (ToR) for the 640 MW Khandwa Pumped Storage Hydro Project and the 1,500 MW Warsgaon Warangi Pumped Storage Project. NHDC Limited, a joint venture of NHPC Limited and the Government of Madhya Pradesh, will develop the 640 MW Khandwa Pumped Storage Hydro Project at Narmada Nagar village…
Author: PPD Team Date: November 13, 2024 Patel Engineering Limited announced a net profit increase of 151% year-over-year for Q2 FY25. For the quarter ending September 30, 2024, the company reported a revenue increase of 14.98%, reaching Rs 11,743 million, driven by progress in hydropower, irrigation, and tunnelling projects. The operating EBITDA rose by 15.8% to Rs 1,622 million, while the net profit margin improved to 6.88%. The company’s order book stood at Rs 172,607…
Author: PPD Team Date: October 22, 2024 Oriana Power Limited has won an order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to develop a 75 MW solar power plant in Maharashtra. The project falls under Component C of the PM-KUSUM Scheme, focusing on feeder-level solarisation and includes land and transmission line development. Additionally, Oriana Power recently secured a 128 MW solar project from Dalmia Cement in Tamil Nadu, valued at Rs 5.2 billion, further…
Author: PPD Team Date: March 31, 2025 INOX Air Products (INOXAP) has launched its first green hydrogen plant at Asahi India Glass’s (AIS) float glass facility in Soniyana, Chittorgarh, Rajasthan. The plant, powered by solar energy, will generate up to 190 tons of green hydrogen per year through electrolysis. This marks India’s first use of green hydrogen in float glass manufacturing, supporting AIS’s goal of sustainable production. Under a 20-year offtake agreement, INOXAP will supply…
Author: PPD Team Date: January 7, 2025 The European Commission (EC) has approved the joint control acquisition of EEW Offshore Wind EU by EEW Holding and Sumitomo under the EU Merger Regulation. The collaboration involves German and Japanese entities producing large steel tubes for offshore wind farms. The EC concluded the acquisition would not raise competition concerns, as the market structure remains largely unaffected. Last year, Sumitomo announced plans to acquire a stake in EEW…