Stock Below Rs 100 Jumps 6% After Securing Rs 9.69 Crore Orders From Megha Engineering
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A fresh ₹9.69 crore order from Megha Engineering has put Accord Transformer & Switchgear in focus, with the stock gaining 5.87 per cent as the company expands its transformer supply for EV charging infrastructure.
✨ Key Takeaways
Accord Transformer & Switchgear Ltd has received two commercial purchase orders from Megha Engineering & Infrastructures Ltd for the supply of power substation (PSS) Transformers for electric vehicle (EV) charging station development projects.
The total invoice value of the orders stands at ₹9.69 crore, including GST. The basic order value is ₹8.21 crore, while IGST at 18 per cent amounts to ₹1.48 crore.
Details of the Orders
The orders cover the supply of 17 transformers in aggregate. These include 15 transformers with a capacity of 2,000 kVA each and two transformers with a capacity of 2,500 kVA each.
The transformers will be supplied for EV charging station development projects. The orders are domestic in nature.
Deliveries under the two purchase orders are scheduled between October 31, 2026, and March 31, 2027.
The orders have been placed by Megha Engineering & Infrastructures Ltd, with the pricing remaining firm and fixed.
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Accord Transformer & Switchgear Ltd Share Price Performance
Following the order announcement, Accord Transformer & Switchgear Ltd share price rose 5.87 per cent to Rs 66.00. The stock had closed at Rs 62.34 in the previous trading session and opened at Rs 64.45 on September 2.
About Accord Transformer & Switchgear Ltd
Incorporated in 2014, Accord Transformer & Switchgear Ltd is engaged in the manufacturing of power and distribution equipment.
The company undertakes the design, manufacturing, supply, installation and commissioning of transformers, substations, switchgear panels, busducts and related electrical assemblies.
Disclaimer: The article is for informational purposes only and not investment advice