Indo Tech Transformers gets Letter of Intent worth Rs 64.99 crore [Capital Goods]
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TL;DR
Indo Tech Transformers has received a Letter of Intent valued at Rs 64.99 crore. The company, established in 1976, is a key player in India's transformer market, producing up to 100 MVA/220 KV transformers and serving various domestic and international markets.
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Electric EquipmentCapital GoodsIndo Tech TransformersLetter of IntentRs 64.99 croretransformer marketpower transformers
Indo-Tech Transformers,The flagship company of the Indo Tech Group made a small beginning in the year 1976 and today it is a prominent player in the transformer market in India, manufacturing power and distribution transformers upto 100 MVA/220 KV. Over the years it has executed orders for North American markets for Mobile transformers and substation transformers. It has also strengthened its presence in Southern Indian SEBs (TNEB, Andhra Pradesh, Karnataka, Kerala) and built capabilities in various types of transformers such as Wind power, Fail Safe, Amorphous metal core.