accord transformer & switchgear reported an order book of ₹159 crore as of July 22, 2026, highlighting sustained demand for its power transmission and distribution equipment. In its Q1 FY27 business update released on July 27, 2026, the company detailed strategic progress including new vendor approvals, international expansion initiatives, and capacity enhancement plans aimed at supporting India’s growing renewable energy and electric mobility sectors.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pradeep Kumar Verma, Chairman and Managing Director, signed the intimation submitted to BSE Limited. The company serves over 1,000 clients across pan-India and global markets, leveraging 12+ years of experience in manufacturing transformers, switchgear panels, compact substations, busducts, cable trays, and EV charging infrastructure.

Key Operational Metrics

The company operates two manufacturing units in Bhiwadi, Rajasthan, with an installed capacity of 1,200+ MVA. The following table outlines key operational data points disclosed in the update:

Strategic Developments

Accord Transformer & Switchgear strengthened its market position through several key partnerships and approvals. The company added Aditya Birla Renewables and UGVCL to its approved vendor list, expanding opportunities in the renewable energy and utility sectors. Additionally, it received vendor approval from PGCIL, enabling participation in power transmission projects across India.

Technological collaborations were deepened through partnerships with Schneider Electric and Lucy Electric for switchgear and compact substation solutions. The company also successfully completed the CPRI Dynamic Short Circuit Test for its 17.6 MVA Inverter Duty Transformer, validating product performance and reliability.

Expansion and International Outlook

Looking ahead, Accord Transformer & Switchgear is developing a new 5,000 MVA transformer manufacturing facility to support future growth. This initiative is supported by the acquisition of 20,300 sq. meters of land for further expansion. On the international front, the company signed an MoU with the Western Administrative District of Moscow to explore business opportunities abroad.

What the Numbers Show

The ₹159 crore order book against a current installed capacity of 1,200+ MVA indicates strong near-term utilization potential. With the ongoing development of a significantly larger 5,000 MVA facility, the company appears positioned to scale operations substantially to meet future demand from power infrastructure and renewable energy clients.

Accord Transformer & Switchgear Limited has received vendor approval from Aditya Birla Renewables Limited to supply transformers for its renewable energy projects. This approval strengthens the company's position in India's renewable energy sector by enabling it to participate in opportunities across Aditya Birla Renewables' portfolio. The development is significant for stakeholders as it expands Accord's approved customer base in the renewable energy segment, supporting India's energy transition.

Aditya Birla Renewables, part of the Aditya Birla Group, focuses on developing and operating large-scale renewable energy projects. The vendor approval follows a comprehensive evaluation of Accord Transformer & Switchgear Limited's manufacturing capabilities, quality management systems, technical expertise, and operational standards. This evaluation reflects the confidence placed by Aditya Birla Renewables in Accord's ability to deliver high-quality and reliable transformer solutions for clean energy infrastructure.

Strategic Impact

The approval aligns with Accord Transformer & Switchgear Limited's strategic focus on expanding its presence across renewable energy developers, power utilities, and industrial infrastructure. It creates new opportunities for the company to support utility-scale solar, wind, and hybrid power projects. The company manufactures transformers, substations, and switchgear systems with facilities in Bhiwadi.

Management Commentary

Mr. Pradeep Kumar Verma, Chairman & Managing Director of Accord Transformer & Switchgear Limited, highlighted the importance of this milestone. He stated that the approval reflects the strength of the company's manufacturing capabilities and commitment to delivering reliable solutions. Verma added that partnering with a leading renewable energy developer will strengthen the company's presence in the sector and support its long-term growth strategy.