Synopsis: Marsons bags Rs.15.38 crore order from Inox Solar for design and supply of 3.15–35 MVA power transformers, deliverable in 3–6 months, boosting its renewable energy order book.
The deal marks a fresh win for the transformer manufacturer in the growing renewable energy sector. Marsons Limited has secured a major purchase order worth Rs. 15.38 crore from Inox Solar Limited. The order covers the design and supply of power transformers across three capacities 3.15 MVA, 3.5 MVA, and 35 MVA. The total order value stands at Rs. 15,38,34,500, inclusive of GST.
Following the announcement, Marsons Limited’s stock, with a market capitalisation of Rs. 2,878 crores, rose to Rs. 173, up of 3.46 percent from its previous closing price of Rs. 167.21. Furthermore, the stock over the past year has given a return of 20.7 percent.
The contract is a domestic order placed by Inox Solar Limited. Marsons will handle both design and supply of the transformers. The three transformer variants differ in capacity, catering to different project requirements within the solar energy setup.
Power transformers play a key role in transmitting electricity from generation points to the grid. Consequently, demand for them rises alongside solar project expansions across India.
Marsons is expected to complete and deliver the order within three to six months. The company must design, manufacture, and supply all three transformer types within that window. This short execution period signals strong operational capability from the firm.
Inox Solar Limited is the entity that awarded this contract to Marsons. It is a domestic company, making this an entirely India-based transaction. Inox Solar operates in the renewable energy space, specifically around solar power infrastructure. Furthermore, the partnership reflects the rising need for quality electrical equipment as India pushes hard on clean energy targets.
India’s solar sector is expanding rapidly, and transformer demand is climbing in step. As a result, manufacturers like Marsons stand to benefit from a steady pipeline of such orders. This contract adds meaningful value to Marsons’ current order book.
However, the company’s ability to execute within the given timeframe will be closely watched. Timely delivery can strengthen future business ties with clients like Inox Solar. Overall, this order underlines the growing role of domestic transformer makers in powering India’s energy transition.
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