Atlanta Electricals wins a significant order of Rs 183 crore from BNC Power Projects

Atlanta Electricals Limited ("Atlanta" / "the Company") has won an order from BNC Power Projects Ltd. aggregating Rs. 183.54 crore. This order is for the supply of mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers and a 400 KV bus reactor at their Pugal site.

This project covers design, manufacturing, testing and supply to the Pugal site. The deliveries will be sequenced post engineering and drawing approvals, providing multi-quarter execution visibility and a steady production run-rate. The order will be executed in the ordinary course of business and will form part of the Company's order book.

Management Comment - Mr. Niral Patel, Managing Director, Atlanta Electricals Limited: "This is a marquee win in our EHV portfolio and a strong endorsement of Atlanta's design, testing and execution capabilities. The product mix of EHV power transformers and bus reactor, plays to our core strengths and expands our reference base in grid-critical projects.

For the Company, this order adds multi-quarter execution visibility and supports a steady manufacturing run-rate once approvals are in place, improving capacity utilisation and operating leverage across our Anand facilities."

Shares of Atlanta Electricals Limited was last trading in BSE at Rs. 1009.15 as compared to the previous close of Rs. 1043.25. The total number of shares traded during the day was 78355 in over 4983 trades.

The stock hit an intraday high of Rs. 1065.80 and intraday low of 994.85. The net turnover during the day was Rs. 80142837.00.

Source : Equity Bulls

Keywords

AtlantaElectricals INE0Z4F01028 HeavyElectricalEquipment OrderWin BNCPowerProjects