13-Oct-2026 16:12:25
TRANSFORMERS & RECTIFIERS Q2 FY27: ₹3,283 CR NEW ORDERS, ₹7,237 CR ORDER BOOK & ₹21,000 CR ORDER PIPELINE
• Company secured ₹3,283 crore in new orders during Q2 FY27, supported by strong demand for transformers and power infrastructure equipment. • Unexecuted order book stands at ₹7,237 crore, up 32% from ₹5,472 crore in H1 FY26. • Order book provides revenue execution visibility over the next 18–24 months. • Company has approximately ₹21,000 crore worth of inquiries under negotiation, with a historical order win rate of 10–15%. • Secured its first-ever nuclear power sector order for generator transformers for NPCIL's Kaiga Units 5 and 6. • Major orders include contracts from Megha Engineering, Damodar Valley Corporation and GETCO, along with an LOI from APTRANSCO. • Expanded manufacturing capacity supports potential annual revenue of ₹5,000–6,000 crore. • Company completed dynamic short-circuit testing on seven units, strengthening product testing capabilities. • Current bidding mix comprises approximately 80% domestic and 20% export opportunities. • Q2 FY27 performance reflects better execution, improved capacity utilisation and operating leverage across manufacturing facilities. • Management identifies timely raw material availability and geopolitical disruptions as key risks.
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