Indo Tech Transformers Limited has informed the Exchange about amendment to the disclosure made on 09th January 2026
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Awaiting price reaction for this filing.
Indo Tech Transformers has disclosed that Renew Wind Energy (JAMB) Private Limited has cancelled an order for the supply of 6 transformers of 220 kV – 165 MVA capacity, originally placed on January 8, 2026. The cancelled order was valued at INR 64.99 Crores plus applicable taxes, and the reason cited is project delay. The company states there is no financial impact since manufacturing had not yet commenced, and it maintains a healthy order book. To offset the loss, the company has reportedly received fresh orders worth around INR 80 Crores in the last one week from various renewable energy projects.
Short-term negative sentiment possible due to loss of a sizeable order, but the company is trying to reassure investors by pointing to no manufacturing impact and new order wins of comparable size. Investors should watch whether the fresh orders fully replace the lost revenue pipeline.