ALFA TRANSFORMERS LTD.

Manufactures distribution transformers sold primarily to state-owned power distribution companies. Products include 11 KV CRGO and Amorphous Metal distribution transformers across ratings such as 10 KVA, 100 KVA, and 63-1250 KVA. Recent order wins include a Rs 63 crore Letter of Award from Madhya Gujarat Vij Company Ltd (MGVCL) for 12,000 units of 10 KVA aluminium-wound transformers to be delivered across FY 2026-27, a Rs 7.14 crore order from MGVCL for 478 units of 100 KVA amorphous metal transformers, and a Rs 3 crore two-year rate contract from TP Southern Odisha Distribution Ltd (TPSODL). Pricing on these contracts is linked to an IEEMA price variation formula. Materials account for 76.5% of FY26 revenue, employee costs 11.4%, other operating expenses 12.6%, and depreciation 3.4%, with FY26 revenue of Rs 31.865 crore. The board has approved the slump sale of its Vadodara (Gujarat) unit to KASST Industries for Rs 18 crore as a going concern; this unit contributed Rs 1,049.30 lakhs (about 32% of FY26 revenue) but posted losses of Rs 272.48 lakhs and has accumulated losses of Rs 1,581.15 lakhs. The company is registered as an MSME in Odisha and is headquartered in Bhubaneswar.