Announced Thu, 21 May · 13:37 IST

Marsons Limited has informed the Exchange about Awarding of order(s)/contract(s)

Export Order Hard CurrencyBusiness Updates View source PDF

MARSONS · price

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Price reaction · full curve 14 horizons · vs prior close

+1.1%1-day move

₹150.10

prior close

₹155.25

base price

In-mkt

timing

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AI summary

Marsons Limited has received a Letter of Award/Purchase Order worth INR 29.85 crore (USD 3.1 million) from a US-based Solar Energy Developer. The order is for the supply of a 200 MVA 115 kV Power Transformer to be installed at a Solar Power Project in Cherokee County, Alabama, USA. The execution timeline exceeds 12 months. This is a significant international export order for the company. The promoter/promoter group has no interest in the awarding entity, and the contract does not fall under related party transactions.

Likely market impact

This order represents a meaningful export contract in USD hard currency, indicating international business expansion in the renewable energy sector. The long execution timeline of over 12 months provides revenue visibility. The stock could see positive sentiment given the new business win.