Voltamp Transformers Limited, a prominent player in the power transformer industry, has announced a significant business development. The company has secured a substantial order worth ₹850.5 million (approximately ₹85.05 crore) from Gujarat Energy Transmission Corporation Limited (GETCO).

Order Details

Key Highlights

• The order involves the supply of various ratings of Power Transformers, as per the tender specifications provided by GETCO.
• This domestic order reinforces Voltamp Transformers' strong position in the Indian power sector.
• The contract represents a major business win for the transformer manufacturer in the energy transmission sector.

Company Disclosure

Voltamp Transformers has officially intimated the stock exchanges about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that:

• This order does not fall under related party transactions.
• Neither the promoter group nor any group companies have any interest in GETCO.

This order win signals a positive development for Voltamp Transformers, indicating demand for power infrastructure in Gujarat. It also underscores the company's ability to secure significant contracts in the power transmission sector.

Voltamp Transformers , a key player in the transformer manufacturing sector, has experienced a decline in its share price following a significant bulk deal on the National Stock Exchange (NSE). Citigroup purchased 57,000 shares of Voltamp Transformers for Rs 43.00 crore at Rs 7,605.00 per share, representing a 2% discount to the previous closing price.

Bulk Deal Details

The transaction involved several domestic institutional investors, including:

The total value of the bulk deal amounted to Rs 364.00 crore.

Market Impact

Following the transaction, Voltamp Transformers' stock closed at Rs 7,508.75, down 3.42% for the day. The stock has experienced a significant correction, declining 40% over the past 12 months and currently trading 47% below its 52-week high of Rs 14,260.30.

Long-term Performance

Despite recent declines, Voltamp Transformers has delivered impressive long-term returns:

• 630% over five years
• 190% over three years

About Voltamp Transformers

Voltamp Transformers is a Vadodara-based transformer manufacturer with 61 years of operations. The company has a strong presence both domestically and internationally, with 70,000 installations to its credit. Voltamp Transformers specializes in the manufacture of transformers, which are crucial components in power distribution systems, serving various industries and infrastructure projects.