FII Stake Increases: Transformer Manufacturer Secures Rs 31 Crore AEGCL Order For Power Transformers

On Wednesday, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 0.33 per cent to 23,405.60. Amid the weak market sentiment, Marsons share price traded at Rs 131.35, down 7.14 per cent from the previous close. Despite the decline in share price, the stock remained in focus after the company announced the receipt of a new order from Assam Electricity Grid Corporation Limited (AEGCL).

Marsons Receives Rs 31.27 Crore Letter Of Intent

Marsons Limited informed the stock exchanges that it has received a Letter of Intent (LoI) worth Rs 31,26,70,500, including GST, from Assam Electricity Grid Corporation Limited.

The order pertains to the supply of 132/33kV, 50MVA power transformers and related services for Durlavcherra, Karimganj and Srikona substations under AEGCL's Package-T-3 project. The contract has been awarded by a domestic entity and strengthens the company's order inflow in the power transmission and distribution segment.

Marson's Order To Be Executed Within 12 Months

According to the company's regulatory filing, the project is scheduled to be completed within 12 months from the award date.

The scope of work includes the supply of high-capacity power transformers along with associated services for the identified substations in Assam.

The order supports the ongoing development and strengthening of power transmission infrastructure in the state and adds to Marsons' presence in projects undertaken by state transmission utilities.

Marsons Clarifies Transaction Details

Marsons Limited stated that neither its promoter, promoter group, nor any group company has any interest in the awarding entity. The company also clarified that the transaction does not qualify as a related party transaction under applicable regulations. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strengthening Presence In Power Infrastructure

The latest contract further strengthens Marsons Limited's position in the domestic power infrastructure sector, particularly in the manufacturing and supply of power transformers for transmission and distribution projects.

The company has been catering to utilities and infrastructure projects through its transformer manufacturing capabilities and continues to participate in power sector capacity expansion and grid modernisation initiatives.

About Marsons

Marsons Ltd is engaged in the manufacturing and supply of power and distribution transformers used across transmission, distribution and industrial applications.

The company serves power utilities, infrastructure developers and industrial customers and has established a presence in the domestic power equipment market through the supply of transformers for grid and substation projects. According to the latest shareholding pattern, Foreign Institutional Investors (FIIs) increased their stake in the company from 0.04 per cent in Q3 FY26 to 0.12 per cent in Q4 FY26.

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Disclaimer: The article is for informational purposes only and not investment advice.