Transformers company receives an order worth Rs 64.99 crore from Renew Wind Energy (JAMB) Pvt Ltd

Indo Tech Transformers Limited has secured a significant domestic contract valued at Rs 64.99 crore (plus Taxes) from ReNew Wind Energy (JAMB) Private Limited, as formally communicated via a Letter of Intent dated January 08, 2026. Under the terms of this agreement, which complies with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements, the company is tasked with the manufacture and supply of six 220 kV – 165 MVA transformers. This high-value order is scheduled for execution within a specific delivery window spanning from February 2027 to May 2027, representing a notable addition to the company's Order Book in the renewable energy infrastructure sector.

Indo Tech Transformers Ltd is a leading manufacturer of power, distribution, and specialised transformers, serving a wide range of industries such as transmission, generation, hydro, wind, Solar, steel, cement, textiles, and utilities. With a strong emphasis on quality and innovation, the company has earned a strong reputation for delivering reliable and efficient transformers to clients in India and abroad. Their extensive product portfolio includes distribution transformers, power transformers, large power transformers, and skid-mounted substations, all tailored to meet the specific needs of diverse applications.

The company has a market cap of over Rs 1,600 crore and has delivered good profit growth of 102 per cent CAGR over the last 5 years with debtor days having improved from 100 to 73.1 days. The shares of the company have an ROE of 26 per cent and an ROCE of 38 per cent. The stock gave multibagger returns of 105 per cent in 2 years, 625 per cent in 3 years and a whopping 1,255 per cent in 5 years.

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