Marsons Secures ₹33.19 Crore Transformer Order for NTPC Renewable Project; Shares Flat

Mumbai, June 10: Marsons received a domestic order worth ₹33.19 crore, including GST, from Vikran Engineering Limited for an NTPC renewable energy project.

The company disclosed the development through an exchange filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

According to the filing, the contract involves supply of various quantities of 17.6 MVA, 8.8 MVA and 4.4 MVA oil-cooled inverter duty transformers.

The scope of supply includes ONAN, OCTC, outdoor-type aluminium wound transformers designed for renewable energy applications.

Marsons said the order is scheduled to be executed within six months.

Stock Market Snapshot

Marsons share price traded largely flat following the announcement of the order win.

The stock was trading at ₹123.19, marginally higher by 0.024%, as of 13:06 IST on June 10, 2026, according to market data.

Marsons share price remained range-bound during the session as investors assessed the order’s contribution to the company’s execution pipeline and renewable energy-linked business exposure.

Market participants continued to track companies involved in power equipment manufacturing and grid infrastructure amid rising renewable energy capacity additions across India.

Renewable Energy Infrastructure Demand Supports Order Flow

The latest contract strengthens Marsons’ order book in the power transmission and transformer manufacturing segment.

The company manufactures transformers and electrical equipment used across industrial, utility and infrastructure applications, including renewable energy integration projects.

Demand for inverter duty transformers and specialised power equipment has increased alongside expansion in solar and renewable power infrastructure requiring grid connectivity and energy evacuation systems.

According to the filing, the order has been awarded by a domestic entity and does not involve promoter or promoter group interest.

The company also clarified that the transaction does not fall under related party transactions.

Renewable Power Expansion Continues To Drive Equipment Demand

India’s renewable energy sector has continued to witness strong investment activity supported by capacity expansion targets and transmission infrastructure development.

Transformer manufacturers and electrical equipment suppliers have remained key beneficiaries of the rising requirement for grid modernisation, solar integration and power evacuation infrastructure linked to renewable projects.

Source:

• https://www.nseindia.com/get-quote/equity/MARSONS/Marsons-Limited
• https://nsearchives.nseindia.com/corporate/MARSONS_10062026113542_disclosure_vikran.pdf