Atlanta Electricals Limited, a veteran transformer manufacturer with over three decades of experience, has secured orders worth ₹297.71 crores from Gujarat Energy Transmission Corporation for supplying 25 power transformers of different specifications. This substantial order win strengthens the company's position in the power transmission equipment sector and provides significant revenue visibility.

This latest order comes on the heels of another significant contract worth ₹183.54 crore from BNC Power Projects Ltd for supplying extra-high voltage (EHV) equipment to the RSDCL-Pugal site.

Recent Orders

Gujarat Energy Transmission Corporation Order

• Order Value: ₹297.71 crores
• Scope: Supply of 25 power transformers with various specifications

BNC Power Projects Ltd Order

• Order Value: ₹183.54 crore
• Scope: Supply of EHV equipment to RSDCL-Pugal site

BNC Power Projects Order Details

The purchase order from BNC Power Projects Ltd encompasses a comprehensive range of high-capacity transformers and reactors:

Project Scope for BNC Power Projects Order

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, had previously expressed enthusiasm about the BNC Power Projects 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.

The new order from Gujarat Energy Transmission Corporation further reinforces these benefits, providing additional revenue visibility and strengthening the company's market position.

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 these significant orders 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.

Atlanta Electricals Limited (NSE: ATLANTAELE, BSE: 544527), a leading Indian transformer manufacturer, has announced strong financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics. The company has also approved a significant capital expenditure for a new manufacturing facility.

Financial Highlights

For Q2 FY26, Atlanta Electricals reported:

• Revenue from operations of ₹316.96 crore, up 17.3% year-over-year (YoY)
• EBITDA of ₹54.80 crore, a 30.5% increase YoY
• EBITDA margin expansion of 175 basis points to 17.3%
• Net profit of ₹25.30 crore, a slight decrease of 6% YoY

For H1 FY26, the company achieved:

• Revenue from operations of ₹632.07 crore, up 10.9% YoY
• EBITDA of ₹104.00 crore, a 24.2% increase YoY
• Net profit of ₹56.00 crore, up 8.7% YoY

Operational Performance

The company's strong performance was driven by:

• Healthy demand from the power transmission and distribution (T&D) sector
• Timely execution of high-value orders
• Operating leverage benefits
• Favorable product mix with higher contribution from power transformers
• Improved procurement efficiency of key raw materials like copper and CRGO steel

Order Book and New Contracts

Atlanta Electricals maintains a robust order book of ₹2,069.00 crore as of September 30, 2025, providing clear visibility for the coming quarters. Notable new orders in Q2 FY26 include:

The export order marks the company's entry into key markets across Asia and the Middle East.

Management Commentary

Niral Patel, Chairman and Managing Director of Atlanta Electricals Limited, commented on the results: "The first half of FY26 marks a period of continued momentum and operational strength for Atlanta Electricals. Building on the foundation laid in Q1, we sustained our growth trajectory with strong execution, steady order inflows, and enhanced manufacturing efficiency."

He added, "Our manufacturing facilities continued to operate at high utilization levels, supported by process automation and quality enhancements. We also progressed on our capacity expansion roadmap, with incremental capacity additions and workflow optimization expected to further strengthen throughput in the coming quarters."

Future Outlook

Atlanta Electricals plans to focus on:

• Sustaining growth through operational excellence
• Timely project execution
• Margin stability
• Expanding presence across domestic and international markets
• Diversifying the customer base
• Driving innovation through technology and design

Capital Expenditure Approval

The company's Board of Directors has approved a capital expenditure of ₹65.00 crore for setting up a new manufacturing facility dedicated to the production of Inverter Duty Transformers. This investment is expected to be funded through a blend of debt and internal accruals.

Recent Corporate Developments

• Atlanta Electricals Limited went public in September 2025, listing on both BSE and NSE with an Initial Public Offering (IPO) of 53.11 lakh equity shares at ₹754 per share.
• The company specializes in manufacturing power and special duty transformers.
• On November 11, 2025, the company's Board held a meeting that concluded within 16 minutes, approving the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, along with the capital expenditure for the new manufacturing facility.

Atlanta Electricals Limited continues to strengthen its position in the power transformer market, leveraging its expertise and expanding capabilities to meet the growing demand in the power transmission and distribution sector.

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