Marsons Limited has announced the receipt of a significant new order. This disclosure is made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, and includes the annexure details as required by SEBI Circular No. CIR/CFD/CMD/4/2015.
Nature of the Event: The company has been awarded a contract for the supply of transformers.
Key Quantitative Figures: The total value of the order is ₹33,18,85,730.00 (Inclusive of GST), which translates to Thirty Three Crore Eighteen Lakhs Eighty Five Thousand Seven Hundred and Thirty Rupees.
Parties Involved: The order was awarded to Marsons Limited by Vikran Engineering Limited. The end-use of the equipment is for an NTPC Renewable Energy Project.
Product Details: The order is for the supply of various quantities of the following specific types of transformers:
- 17.6 MVA, Oil Cooled (ONAN), OCTC, Outdoor Type, Aluminium wound, Inverter Duty Transformers.
- 8.8 MVA, Oil Cooled (ONAN), OCTC, Outdoor Type, Aluminium wound, Inverter Duty Transformers.
- 4.4 MVA, Oil Cooled (ONAN), OCTC, Outdoor Type, Aluminium wound, Inverter Duty Transformers.
Significant Terms: The order is domestic in nature. The time period for execution of the entire order is 6 months.
Related Party Status: The company has confirmed that the promoter/promoter group/group companies do not have any interest in Vikran Engineering Limited. Furthermore, the order does not fall within related party transactions.