Alfa Transformers secures Rs 3 crore order from TPSODL

Alfa Transformers Limited has secured a significant domestic contract worth Rs. 3,00,43,019.93 from TP Southern Odisha Distribution Limited (TPSODL) for the supply of various capacity distribution transformers. The order, dated May 20, 2026, establishes a rate contract valid for two years, with a completion deadline set for May 20, 2028. This engagement underscores the company's continued role in the power distribution infrastructure sector within Odisha.

The agreement, finalized under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines specific terms regarding pricing, delivery, and penalties. Prices under the contract will remain variable, linked to the Indian Electrical and Electronics Manufacturers' Association (IEEMA) indices, with a base date of July 15, 2025. The contract encompasses the supply of transformers ranging from 63 KVA to 1250 KVA, adhering to BIS Level-II standards.

Contract Terms and Financials

The financial structure of the deal includes a target value of Rs. 3,00,43,019.93. Payment terms are differentiated based on the vendor's status, with 100% payment due within 45 days for MSME registered vendors and 60 days for non-MSME bidders upon submission of error-free invoices. The company is classified as an MSME (OD) under this contract.

Particulars	Details
Name of Entity	TP Southern Odisha Distribution Limited (TPSODL)
Nature of Order	Supply of Various Capacity of Distribution Transformer
Order Size	Rs. 3,00,43,019.93
Time Period for Execution	By 20.05.2028
Category	Domestic

Execution and Delivery Conditions

The contract stipulates a delivery period of 120 days, plus an additional 15 days for the approval of drawings and General Technical Particulars (GTP), from the date of the release order for the first lot. Subsequent lots will follow a 120-day delivery period from the release order date. To ensure performance, Alfa Transformers is required to submit a Performance Bank Guarantee (PBG) equivalent to 5% of the rate contract value within 21 days of the contract's issuance.

Strict liquidated damages are applicable for delays. For delays extending up to 130% of the original contract time, a penalty of 1% of the contract value corresponding to the undelivered quantity will be levied per week. If the full quantity is not delivered within this extended timeframe, TPSODL reserves the right to levy damages on the entire contract value, capped at 10% of the total contract value. The guarantee period for the supplied transformers extends to 66 months from the date of the last supply.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	-13.84%	+3.22%	-36.32%	+250.61%

alfa transformers has secured a significant order worth Rs 63 Crores from Madhya Gujarat Vij Company Ltd for the supply of distribution transformers. The Letter of Award, dated May 27, 2026, covers the supply of 12,000 units of 11 KV / 0.433 KV 3 Phase 10 KVA (Aluminium Wound) CRGO/Amorphous Transformers under the CPP Tender for the year 2026-27. This domestic order is expected to be executed during the financial year 2026-27, marking a key development in the company's order book for the period.

The order was awarded following a tender process, with the Master Letter of Acceptance specifying that the supply includes an IEEMA Price Variation Clause. The base date for price variation is set as November 1, 2025. The total allocated quantity of 12,000 transformers is distributed among various DISCOMs, with Paschim Gujarat Vij Company Limited (PGVCL) accounting for the largest share at 8,418 units, followed by Uttar Gujarat Vij Company Limited (UGVCL) with 1,894 units.

Order Allocation and Financials

The financial details of the order indicate a unit end cost of Rs 52,504.10, inclusive of GST at 18%. The total contract value aggregates to Rs 63 Crores. The company is required to pay a Performance Guarantee equivalent to 3% of the total contract value to ensure satisfactory execution. The guarantee must be submitted to the respective DISCOMs within 15 days from the date of the individual Letter of Acceptance to avoid cancellation of the order.

DISCOM	Quantity Allocation (Nos)
PGVCL	8418
UGVCL	1894
DGVCL	673
MGVCL	1015
Total	12000

Delivery and Execution Terms

The delivery schedule mandates that the total allocated quantity be completed within seven months in equal monthly lots, following a commencement period of 45 days from the receipt of the respective DISCOMs' LOA. The nodal DISCOM, identified as Dakshin Gujarat Vij Company Limited (DGVCL), will oversee the approval of pending type tests, BIS licenses, and other technical requirements on behalf of all DISCOMs involved.

The company has also consented to the repair of failed distribution transformers as per the tender terms. Individual LOAs will be issued by the respective DISCOMs, and the supplier must execute an agreement within 20 days from the date of these acceptances. The order is not a related party transaction, and the promoter group has no interest in the entity awarding the contract.