Atlanta Electricals Wins RVPN Order Worth ₹190 Crore.
Atlanta Electricals Limited, one of the leading manufacturers of power, auto, and inverter duty transformers in India, on Saturday, May 2, announced that,
The Company has received an order from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPN), a domestic entity. Source: BSE.
Order Details
As per the Notification of Award received from RVPN, the order consists of the supply of 53 units of 50 MVA 132/33 KV Power Transformers along with 53 Nitrogen Injection Fire Prevention and Extinguishing System (NIFPES).
This new order will strengthen Atlanta Electricals’ presence in the domestic Power transmission segment.
It reinforces Atlanta’s capability to deliver high-capacity, technically advanced power transformers to leading state utilities, a company spokesperson added.
Order Value
The total aggregate value of the order is INR 190 crores (Rupees One Hundred Ninety Crores Only).
Tenure
The order by RVPN has been awarded for a period of 2 years, with provision for extension in line with the terms of the bid document.
Supply
The supply is to be executed in accordance with the technical specifications and commercial terms outlined by RVPN under the relevant bid reference.
Exchange Compliance
The Company has filed these details in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Refer to Atlanta Electricals Ltd News for more information.
Management Commentary
Commenting on receiving a new order, Niral Patel, Chairman and Managing Director, Atlanta Electricals Limited, said
This order from RVPN reflects the continued trust of our long-standing customer and underscores our strong execution capabilities.
It highlights the breadth of our product portfolio across the transmission segment and shall improve capacity utilisation across our manufacturing facilities.
It further strengthens our engagement with state utilities and supports India’s grid modernisation.
Market Cap: The company’s market capitalization is ₹13,500 crore.
Technical: The stock is currently trading well above its 20-day, 50-day, and 100-day simple moving averages.
Price Performance: On a year-to-date basis, Atlanta Electricals’ share has increased by 99% and by 132% over the last three-month period. However, the company’s shares are trading 45.65% higher over the last one-month period.
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