Vendor registration approval from UGVCL, valid 5 years

Regulatory Product ApprovalBusiness Updates View source PDF

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Price reaction · full curve 14 horizons · vs prior close

+5.4%1-day move

₹55.00

prior close

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AI summary

Accord Transformer & Switchgear received vendor registration approval from Uttar Gujarat Vij Company Limited (UGVCL), a subsidiary of GUVNL. The 5-year approval empanels the company to manufacture and supply 500 KVA, 11/0.415 KV Level-1 CRGO Copper Wound Distribution Transformers. It follows a successful factory inspection and technical evaluation, enabling participation in tenders floated by UGVCL and associated Gujarat power utilities.

Likely market impact

Opens access to Gujarat state utility tenders for 5 years, potentially boosting order pipeline and revenue from the power distribution segment.