Voltamp Transformer Ltd has introduced receiving a Letter of Intent (LoI) for supplying varied rankings of energy transformers from Gujarat Power Transmission Company Restricted (GETCO) for a complete consideration of Rs 263.33 crore.
In its regulatory submitting, the corporate mentioned that the order must be accomplished in a interval of 12 months, which is a big growth for its ongoing enterprise enlargement. The scope of the order entails designing, manufacturing, testing, and supplying energy transformers based on the required specs given by the GETCO.
This can be a home order and has no involvement in associated third-party transactions.
This Letter of Intent will strengthen the corporate’s place within the Indian energy sector, and this order will present a gradual stream of income for the brand new yr.
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