Voltamp Transformers Limited has received a Letter of Intent (LoI) valued at Rs 2,633.3 million from Gujarat Energy Transmission Corporation Limited (GETCO) for the design, manufacturing, testing, and supply of various ratings of power transformers. The project, awarded on November 5, 2024, is expected to be completed within 12 months.
The board of CG Power & Industrial Solutions Ltd has approved the expansion of its power transformer manufacturing capacity from 35,000 MVA to 40,000 MVA with an estimated investment of Rs 270 million. This decision, made on October 21, 2024, follows previous expansions, including an ongoing upgrade from 25,000 MVA to 35,000 MVA at its “T3” unit in Malanpur, Madhya Pradesh, expected to be completed by March 2025. In FY24, CG invested Rs 310 million…
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