Alfa Transformers Limited has secured a domestic contract worth Rs.8,14,69,356 from TP Western Odisha Distribution Limited (TPWODL), a joint venture of Tata Power and the Government of Odisha. The contract, released on 8th May 2026, pertains to the supply of various capacity distribution transformers and is to be executed by 05.05.2028. The company disclosed this development to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, dated 12.05.2026.

Contract Overview

The key parameters of the contract are summarised below:

Scope of Supply

The contract is structured as a rate contract for the supply of distribution transformers across seven variants, covering both aluminium (AL) and copper (CU) winding types at 11 kV and 33 kV voltage levels. The schedule of items, quantities, and unit rates as per Annexure I is detailed below:

All unit rates are exclusive of GST. CGST and SGST are applicable at 9.00% each on all items.

Key Contract Terms and Conditions

The contract is governed by a set of detailed riders as outlined in Annexure II. The principal terms include:

• Price Variability: Prices are variable as per IEEMA, with 15th July 2025 as the base date for Price Variation (PV) calculation (IEEMA Circular – June 2025).
• Performance Bank Guarantee (PBG): PBG of 5% of the rate contract value to be submitted within 21 days of issuance. For MSME entities registered in the State of Odisha, PBG shall be 25% of the value normally prescribed.
• Guarantee Period: 66 months from the date of last supply.
• Delivery Period: 120 days + 15 days (considering drawing/GTP approval) from the date of receipt of the release order for the first lot; 120 days from the release order date for remaining lots.
• Payment Terms: 100% payment within 60 days of submission of error-free invoice; 45 days for MSME entities as per MSME guidelines.
• Liquidated Damages (LD): LD of 1% of contract value per week of delay on undelivered quantity, subject to a maximum of 10% of the total contract value.
• RC Value Enhancement: In case actual utilisation exceeds projections, the cumulative rate contract value may be enhanced at the same rates and conditions, subject to a maximum of 25% of the overall amount.

About the Awarding Entity

TP Western Odisha Distribution Limited (TPWODL) is a joint venture of Tata Power and the Government of Odisha, with its registered and corporate office located at Burla, District Sambalpur, Odisha – 768 017. The contract was referenced against the original tender TPCODL/CCG/2025-26/1000003845, along with the General Conditions of Contract (GCC) of TPWODL, corrigendum, pre-bid query responses, and post-bid discussions.

Alfa Transformers Limited, an MSME entity based in Bhubaneswar, Odisha, holds ISO 9001:2015 certification and is registered under GSTN No. 21AAACD7888C1ZT. The company confirmed that the awarding entity has no promoter or promoter group interest, and the contract does not constitute a related party transaction.

alfa transformers has secured a contract worth Rs.3,78,64,017.67 from TP Central Odisha Distribution Limited for the supply of various capacity distribution transformers. The domestic order, dated 28 April 2026, was disclosed to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Details

The contract encompasses the supply of distribution transformers of varying capacities. According to the disclosure, the order is domestic in nature and must be executed by 25 April 2028. The company confirmed that neither the promoter group nor group companies have any interest in the entity awarding the order, and the transaction does not fall within related party transactions.

Transformer Specifications and Pricing

The schedule of items includes six types of transformers with varying capacities and specifications:

Contract Terms and Conditions

The rate contract has a validity period of two years, with prices remaining variable as per IEEMA guidelines, using 15 July 2025 as the base date for price variation calculation. Key contractual provisions include:

• Performance Bank Guarantee of 5% of rate contract value, or 25% for MSMEs registered in Odisha
• Guarantee period of 66 months from the date of last supplies, with an additional three-year free replacement period for latent defects
• Delivery period of 120 days plus 15 days for drawing/GTP approval for the first lot, and 120 days for remaining lots
• Payment terms of 60 days for non-MSME bidders and 45 days for MSME bidders

The contract also specifies liquidated damages provisions for delayed delivery, pre-dispatch inspection requirements, and terms regarding statutory tax variations during the contract period. The order of precedence places work order conditions first, followed by special terms, general terms, and technical specifications.