Shares of Indo Tech Transformers Limited may remain in focus after the company announced that a previously disclosed order worth ₹64.99 crore has been cancelled by the customer.
The company informed stock exchanges about the development in accordance with Regulation 30(7) of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
Details of the Cancelled Contract
The order had been placed by Renew Wind Energy (JAMB) Private Limited and was originally executed on January 8, 2026.
The contract involved the supply of six transformers, each with a capacity of 220 kV – 165 MVA, with a total order value of ₹64.99 crore, excluding applicable taxes.
According to the company, the client cancelled the order due to delays in the associated project timeline.
Limited Impact on Operations
Indo Tech Transformers Limited clarified that the cancellation is not expected to have a material impact on its operations. The company stated that manufacturing of the transformers had not yet begun, which helped avoid any significant financial or operational consequences.
Strong Order Book Continues
Despite the cancellation, the company noted that its overall order pipeline remains strong. Over the past week, Indo Tech Transformers Limited has secured new orders worth around ₹80 crore from multiple renewable energy projects.
This steady inflow of contracts is expected to support the company’s business momentum in the near term.
Disclosure to Stock Exchanges
The company communicated the cancellation as an amendment to its earlier disclosure dated January 9, 2026.
The update was filed with stock exchanges in line with regulatory requirements set by the Securities and Exchange Board of India to ensure transparency for investors.
Summary
- Indo Tech Transformers Limited announced the cancellation of a ₹64.99 crore transformer supply order.
- The order was placed by Renew Wind Energy (JAMB) Private Limited.
- The contract involved six transformers rated at 220 kV – 165 MVA.
- The cancellation occurred due to project delays.
- The company stated that manufacturing had not started, limiting the operational impact.
- Indo Tech Transformers has recently secured new orders worth about ₹80 crore from renewable energy projects.
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