Accord Transformer Secures ₹19.97 Cr Wind Turbine Transformer Order for Karnataka Project

Synopsis: Accord Transformer & Switchgear Limited has secured a domestic order worth approximately Rs. 19.97 crore from a leading private EPC company for the supply of wind turbine transformers for a wind power project in Karnataka. The order is expected to strengthen the company’s presence in India’s growing renewable energy equipment sector.

Shares of Accord Transformer & Switchgear Limited are likely to remain in focus after the company announced that it has secured a domestic purchase order worth approximately Rs. 19.97 crore for the supply of transformers for a wind energy project.

Accord Transformer & Switchgear Limited has a total market capitalization of approximately Rs. 123 crore. The company’s shares were trading at Rs. 59 apiece on the stock exchange, up by 2.54 percent during the session. The stock has gained 5.92 percent over the last five trading sessions, while it has gained 0.39 percent over the last month. The stock touched a 52-week high of Rs. 80 and a 52-week low of Rs. 45.

According to the company’s regulatory filing, Accord Transformer & Switchgear has received a commercial order from a leading private sector EPC company for the supply of 3.6 MVA, 33kV/690V and 3.6 MVA, 33kV/950V wind turbine transformers for a wind power project located at Gadag-1, Karnataka. The customer has not been disclosed due to confidentiality and mutual commercial agreements.

The order is valued at approximately Rs. 19.97 crore, including GST, and is scheduled to be executed within five months. The company clarified that the order has been received in the normal course of business and does not involve any promoter interest or related-party transaction.

Wind turbine transformers are critical components in wind power generation, stepping up the voltage generated by wind turbines for efficient transmission to the electricity grid. As India accelerates renewable energy capacity additions, demand for specialized transformers, switchgear, and grid infrastructure continues to rise alongside new wind and hybrid renewable projects.

India has set an ambitious target of achieving 500 GW of non-fossil fuel power capacity by 2030, with wind energy expected to remain a key contributor alongside solar power. Rising investments in renewable energy parks, transmission infrastructure, and state-level clean energy projects are creating significant opportunities for manufacturers of electrical equipment and power distribution solutions.

For investors, the latest order enhances Accord Transformer & Switchgear’s revenue visibility while reinforcing its capabilities in supplying specialized electrical equipment for renewable energy projects. Continued order inflows from EPC contractors and renewable energy developers could further strengthen the company’s position in the fast-growing power equipment industry.

Incorporated in 2014, Accord Transformer & Switchgear Limited is engaged in the design, engineering, manufacturing, and supply of a diversified range of electrical power and distribution equipment, including power transformers, distribution transformers, and customized transformer solutions for utilities, industrial customers, and renewable energy projects.

The latest Rs. 19.97 crore order further strengthens Accord Transformer & Switchgear’s order book and reinforces its position as a beneficiary of India’s expanding renewable energy and power infrastructure investment cycle.

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