Press Release on receipt of order from Rajasthan Rajya Vidyut Prasaran Nigam Limited aggregating to Rs 190 crore.
ATLANTAELE · price
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Atlanta Electricals Limited has received a Rs 190 crore order from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPN) for the supply of 53 units of 50 MVA 132/33 KV Power Transformers along with 53 Nitrogen Injection Fire Prevention and Extinguishing Systems (NIFPES). The rate contract has been awarded for a period of two years with provision for extension. This is a significant win for the company as it strengthens their presence in the domestic power transmission segment and improves capacity utilisation at their five manufacturing facilities in Gujarat and Karnataka. The order highlights their strong execution capabilities and engagement with state utilities supporting India's grid modernisation.
This positive development represents a substantial order win that should boost the company's order book and revenue visibility over the next two years, which could be supportive for the stock price.