Indo-Tech Transformers Limited has announced the receipt of a purchase order from Avaada Clean Project Private Limited for ₹78.39 Crores plus applicable taxes, as of September 04, 2025. The order is for the supply of 9 Nos. 125 MVA transformers.
The order includes the manufacture and supply of 9 Nos. 125 MVA transformers, with the execution timeline set as 2 Nos in 03/2026 and 3 Nos in 04/ and 05/ 2026.
The company has confirmed that this transaction does not fall under the definition of a related party transaction as per the Companies Act, 2013.
Indo-Tech Transformers has stated that the order is significant compared to the company's ordinary course of business and is considered a material event, disclosed in compliance with Regulation 30 of the Listing Regulations.
The order value is significant compared to the transactions in the ordinary course of business, and the order is considered a material event by the company. Accordingly, this disclosure is submitted in compliance with Regulation 30 of the Listing Regulations.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
