Marsons Secures ₹7.75 Crore US Solar Project Order; Shares Rise Over 2%

Mumbai, June 16: Marsons shares moved higher on Tuesday after the company announced a purchase order worth approximately ₹7.75 crore from a US-based solar energy developer.

According to an exchange filing, the order relates to the supply of a 25 MVA power transformer for a solar project in Hemet, California. The contract is valued at about $820,000 and will be executed over a period of 14 months.

While not a large-ticket order by industry standards, the contract gives Marsons another foothold in the overseas renewable energy market and adds to its export order pipeline.

Stock Market Snapshot

Marsons share price rose 2.64% to ₹115.33 as of 2:40 PM IST on June 16, 2026.

The stock spent much of the morning in a narrow range before attracting buying interest after the company disclosed the order. Traders appeared encouraged by the international nature of the contract, which comes from a solar energy developer in the United States.

The Marsons share price has been closely watched by investors tracking fresh order inflows and execution trends in the power equipment sector.

Renewable Energy Projects Continue To Drive Equipment Demand

The order comes as investments in solar infrastructure continue to support demand for transformers, substations and grid equipment across major renewable energy markets.

For Indian manufacturers, export opportunities have expanded as developers globally look to diversify suppliers and strengthen project supply chains. The California project is another example of domestic engineering companies tapping overseas renewable energy spending.

The contract also provides revenue visibility over the next several quarters given its 14-month execution timeline.

About Marsons Ltd

Marsons Ltd manufactures power and distribution transformers used across utility, industrial and infrastructure applications.

The company serves customers in the power transmission and distribution segment and has been focusing on expanding its order book amid growing investments in energy and infrastructure projects.

Conclusion

The ₹7.75 crore California order may be relatively modest in value, but it adds an international project to Marsons’ portfolio and highlights ongoing opportunities in the renewable energy supply chain. Investors responded positively to the announcement, sending the stock higher during Tuesday’s trading session.

Source:

• https://www.nseindia.com/get-quote/equity/MARSONS/Marsons-Limited
• https://nsearchives.nseindia.com/corporate/MARSONS_16062026142054_Disclosure_signed.pdf