Synopsis: Marsons Limited has secured an order worth Rs. 33.19 crore from Vikran Engineering Limited for the supply of inverter-duty transformers for an NTPC Renewable Energy project. The contract is scheduled to be executed within six months and is expected to strengthen the company’s order book in the power infrastructure segment.
Shares of Marsons Limited are likely to remain in focus after the company announced that it has received a significant order from Vikran Engineering Limited for the supply of transformers for an NTPC Renewable Energy project.
Marsons Limited has a total market capitalization of approximately Rs. 2092.74 crore.The company’s shares were trading at Rs. 121.55 apiece on the stock exchange, down by 1.31 percent during the session. The stock has declined around 9.76 percent over the last five trading sessions. The stock has declined around 20.15 percent over the last month, reflecting strong negative momentum. The stock touched a 52-week high of Rs. 175.40 and a 52-week low of Rs.118.80. The company’s shares are expected to attract investor attention following the latest order win, which adds to its growing order book in the power transmission and renewable energy sectors.
According to the company’s exchange filing, the order is valued at Rs. 33.19 crore, inclusive of GST, and involves the supply of various quantities of 17.6 MVA, 8.8 MVA, and 4.4 MVA oil-cooled (ONAN), OCTC, outdoor-type, aluminium-wound inverter-duty transformers. The equipment will be supplied for an NTPC Renewable Energy project through Vikran Engineering Limited.
The contract has been awarded by a domestic entity and is scheduled to be executed within six months. The company clarified that neither the promoter group nor related parties have any interest in the awarding entity, and the transaction does not fall under related-party transactions.
The latest order highlights Marsons’ growing participation in India’s renewable energy infrastructure ecosystem. Inverter-duty transformers play a crucial role in renewable energy projects by facilitating efficient power conversion and transmission from solar and other renewable generation assets to the grid.
India continues to witness significant investments in renewable energy capacity expansion, supported by government initiatives aimed at increasing the share of clean energy in the country’s overall power generation mix. The resulting demand for transformers, substations, and grid infrastructure has created opportunities for equipment manufacturers operating in the power sector.
The NTPC Renewable Energy project also underscores the growing importance of transmission and evacuation infrastructure as renewable energy installations continue to scale up across the country. Reliable transformer solutions remain critical for ensuring grid stability and efficient power delivery.
For Marsons, the order is expected to provide revenue visibility over the coming quarters while strengthening its credentials in supplying specialized transformers for large-scale power and renewable energy projects.
Incorporated in 1976, Marsons Limited is engaged in the manufacturing of transformers in the capacity range of 100 MVA, 132 KV class. The company caters to utilities, industrial customers, and infrastructure projects, with a focus on power transmission and distribution equipment.
The new Rs. 33.19 crore order adds to the company’s execution pipeline and could support business growth as investments in India’s power and renewable energy infrastructure continue to accelerate.
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