Atlanta Electricals Limited (AEL), a leading transformer manufacturer in India, has recently announced significant developments that underscore the company's growth trajectory.

Major Order Win

AEL has secured a substantial order worth Rs 183.54 crore from BNC Power Projects Ltd. The order encompasses the supply of extra-high voltage (EHV) equipment for the RSDCL - Pugal site, including 315 MVA, 400 KV and 100 MVA, 132 KV transformers, along with a 400 KV bus reactor.

Niral Patel, Managing Director of Atlanta Electricals Limited, commented, "This is a marquee win in our EHV portfolio and a strong endorsement of Atlanta's design, testing and execution capabilities. The product mix of EHV power transformers and bus reactor plays to our core strengths and expands our reference base in grid-critical projects."

This order is expected to provide multi-quarter execution visibility and support a steady manufacturing run-rate, potentially improving capacity utilization and operating leverage across AEL's Anand facilities.

Q1 Financial Performance

Atlanta Electricals has reported robust financial performance in its Q1 results:

The company maintains a strong order book of Rs 1,584 crore as of the end of the quarter.

Recent Corporate Actions

Atlanta Electricals completed the acquisition of BTW Atlanta Transformers India Pvt. Ltd. This acquisition adds 15,000 MVA capacity, bringing the company's total installed capacity to 63,060 MVA across five manufacturing facilities.

In a positive development for the company's financial standing, CRISIL upgraded Atlanta Electricals' long-term rating to CRISIL A/Stable from CRISIL BBB+/Positive and its short-term rating to CRISIL A1 from CRISIL A2.

Company Overview

Atlanta Electricals operates transformer manufacturing facilities in Gujarat and Karnataka. The company has supplied 4,400 transformers totaling 94,000 MVA across India, solidifying its position in the power infrastructure sector.

With a strong order book, strategic acquisition, and robust quarterly results, Atlanta Electricals Limited appears to be well-positioned for continued growth in the power infrastructure sector.

Note: All financial figures are in Indian Rupees (INR).

Atlanta Electricals Limited, a veteran transformer manufacturer with over three decades of experience, has clinched a substantial purchase order worth Rs 183.54 crore from BNC Power Projects Ltd. The order entails supplying extra-high voltage (EHV) equipment to the RSDCL-Pugal site, marking a significant milestone for the company.

Order Details

The purchase order encompasses a comprehensive range of high-capacity transformers and reactors:

Project Scope

The project's scope is extensive, covering multiple aspects of EHV equipment supply:

• Design
• Manufacturing
• Testing
• Supply

Deliveries are scheduled to commence following the approval of engineering drawings, ensuring that all specifications are met before shipment.

Strategic Significance

Niral Patel, Managing Director of Atlanta Electricals, expressed enthusiasm about the order, describing it as a "marquee win" for the company. He highlighted two key benefits of this contract:

1. Multi-quarter Execution Visibility: The project provides a clear outlook on the company's operations for several quarters.
2. Improved Capacity Utilization: The order is expected to support a steady manufacturing run-rate, enhancing capacity utilization across Atlanta Electricals' Anand facilities.

Company Background

Atlanta Electricals Limited boasts an impressive track record in the transformer manufacturing sector:

• Years of Experience: Over 30 years
• Total Transformers Supplied: 4,400
• Cumulative Capacity: 94,000 MVA
• Geographic Reach: 19 states and 3 union territories in India

This extensive experience and wide geographical presence underscore the company's established position in the Indian power equipment sector.

The securing of this significant order by Atlanta Electricals Limited reflects the ongoing investments in India's power infrastructure. It also highlights the company's capability to meet the demanding requirements of high-voltage power transmission projects, which are crucial for the country's growing energy needs.