On November 5, 2024, Voltamp Transformers Limited announced a significant development with the acquisition of a ₹263.33 crore contract from Gujarat Energy Transmission Corporation Limited (GETCO). This contract, issued as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, mandates the company to supply various ratings of power transformers tailored to GETCO's specifications.

Contract Overview

The terms of this contract require Voltamp to:

• Design, manufacture, test, and supply power transformers of various ratings in compliance with GETCO’s specifications.
• Execute the project within a stipulated period of 12 months from the date of order issuance, allowing Voltamp ample time to complete testing and delivery.
• Undertake this order as a domestic entity, with GETCO being the awarding authority, further strengthening the domestic industrial base for power transformers.

Financial Aspects and Compliance

The contract’s total value stands at ₹263.33 crore (exclusive of GST), reflecting the scale of the project and its impact on Voltamp’s revenue projections. Voltamp has taken measures to meet SEBI’s disclosure requirements, ensuring the contract is transparent and accessible to stakeholders. As per Annexure-A, no involvement from Voltamp’s promoter group or related parties exists, and this order does not fall within the scope of related party transactions.

Strategic Importance for Voltamp and Stakeholders

This contract is a substantial addition to Voltamp’s project portfolio and will have a positive impact on the company's financials and operational footprint. As Voltamp has already established itself in the transformer manufacturing sector in India, this collaboration with GETCO represents an opportunity for further expansion. Additionally, by securing high-value contracts such as this, Voltamp reinforces its market leadership and reliability in the field of high-capacity power transformers.

Commitment to Stakeholders

Voltamp Transformers Limited's transparency in communicating this major contract aligns with its commitment to corporate governance. Stakeholders can expect regular updates on the project’s progress, further adding to Voltamp’s standing as a reliable entity within the Indian transformer manufacturing industry.

Conclusion

This contract reflects a promising trajectory for Voltamp Transformers as it continues to engage in large-scale projects across India. Voltamp remains a notable player in the Indian energy infrastructure sector, dedicated to expanding its reach and delivering quality engineering solutions across the country.

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