The firm is involved in manufacturing power and distribution transformers that are used in power transmission, distribution, renewable energy, and industrial purposes. The firm manufactures its transformers in the state of Tamil Nadu and has been increasing its manufacturing capacity of transformers to meet the demands in the power sector.
The shares of Indo Tech are currently trading at Rs. 3,273 . 60, down by 0.40%. The company has a market capitalization of Rs. 3,488.35 crore. The stock’s 52 week high is Rs. 4,030.00 and its 52 week low is Rs. 1,100.00. In the past 6 months the stock has delivered a return of 160.64%.
What’s The News
Indo Tech Transformers has been issued a Letter of Acceptance from Leap Green Energy Group for the supply of four transformers, with a total order value of Rs. 42.88 crore, excluding GST. This order consists of two voltage categories and will meet the requirements of solar as well as wind energy projects.
For the solar project, the company will manufacture and supply two 125 MVA, 400/33 kV transformers. For the wind project, it will supply two 125 MVA, 230/33 kV transformers. The projects are associated with Magnolia Powertec Private Limited for solar and Crocus Green Energy Private Limited for wind.
Order Details
An order valued at Rs. 42.88 crore including GST has been placed by Leap Green Energy Group on Indo Tech Transformers Limited for supply of four power transformers. This order was made public on September 23, 2026 and the order includes equipment for projects using solar and wind power.
As per the order, Indo Tech Transformers would supply two 125 MVA, 400/33 kV transformers for a solar project and two 125 MVA, 230/33 kV transformers for a wind project. The transformers would be supplied to projects wherein Magnolia Powertec Pvt. Ltd. would be the end customer for the solar project and Crocus Green Energy Pvt. Ltd. would be the end customer for the wind project. This order enhances the position of Indo Tech Transformers in the renewable energy segment as a supplier of high capacity transformers for solar and wind power projects.
Expansion Into 400 kV Transformer Segment
This contract is important to Indo Tech Transformers since it marks the entry of the company into high voltage transformers through its increased range of products to include 400 kV transformers. The 125 MVA, 400/33 kV transformers required for the solar power plant are an indication of that.
Higher-voltage transformers are used in power transmission and large-scale renewable-energy projects, where electricity generated from projects such as solar and wind farms needs to be stepped up and integrated into transmission networks. The order therefore expands the range of transformer products that Indo Tech can supply to renewable-energy customers.
Renewable Energy Focus
Order further increases the company’s involvement in the renewable energy business, as the four transformers will be used in the projects related both to solar and wind energy. The inclusion of 400/33 kV and 230/33 kV systems provides the company with possibilities to be involved at various levels of renewable energy evacuation.
This is happening when Indo Tech has been getting many orders from the power and renewable energy industries. In September 2026, the company also got Rs. 55 crores Letter of Award from Waaree Renewable Technologies for five transformers, and AP TRANSCO has also given orders for 26 power transformers worth Rs. 165.55 crores.
Capacity Expansion
Plans for increasing the manufacturing capacity have been announced by Indo Tech Transformers as well. The latest corporate disclosure from Indo Tech Transformers includes expansion of capacity to 25,000 MVA and later on to 50,000 MVA.
The ability to manufacture higher-capacity and higher-voltage transformers can allow the company to address a broader range of transmission, renewable-energy and grid-infrastructure projects.
Investor Perspective
The Rs. 42.88 crore order adds to Indo Tech Transformers’ recent order inflow and provides additional business visibility in the renewable-energy and power-transmission segments. More importantly, the inclusion of 400/33 kV transformers represents an expansion into a higher-voltage product category.
Going forward, investors can track the company’s execution of the new orders, capacity expansion, further order inflows in the 400 kV segment and growth in renewable-energy-related transformer demand. The financial impact of this order will depend on its execution and recognition of revenue in the relevant periods.