Order Win

Marsons Receives ₹31.27 Crore Letter of Intent from Assam Electricity Grid Corporation

NSE

MARSONS

BSE

517467

Marsons Limited has received a Letter of Intent (LoI) worth ₹31.27 crore (including GST) from Assam Electricity Grid Corporation Limited (AEGCL) for the supply of 132/33kV, 50 MVA power transformers and related services. The order is associated with the Durlavcherra, Karimganj and Srikona substations under AEGCL’s Package-T-3 project and is scheduled for execution within 12 months.

PRICE-SENSITIVE TRIGGER

Event: Receipt of Letter of Intent (LoI) from Assam Electricity Grid Corporation Limited.

Type: Order Win

Impact: Neutral

Immediate Effect: The order strengthens Marsons’ order book in the power transmission and distribution segment while improving revenue visibility over the next 12 months.

Key Metrics:

Order Value: ₹31,26,70,500 (including GST)
Execution Timeline: 12 months
Customer: Assam Electricity Grid Corporation Limited (AEGCL)
Project Type: Supply of 132/33kV, 50 MVA Power Transformers and related services

Highlight:

The ₹31.27 crore order provides incremental execution visibility and reinforces Marsons’ presence in utility transformer supply projects.

What Happened ?

Marsons Limited informed stock exchanges that it has received a Letter of Intent from Assam Electricity Grid Corporation Limited for the supply of 132/33kV, 50 MVA power transformers along with related services.

The project covers transformer supply and associated services for the Durlavcherra, Karimganj and Srikona substations under AEGCL’s Package-T-3 program.

The company disclosed the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details

Assam Electricity Grid Corporation Limited (AEGCL):

Nature of Contract
- Supply of 132/33kV, 50 MVA Power Transformers
- Related engineering and support services
- Associated with Durlavcherra, Karimganj and Srikona substations
Geography
- India (Domestic Order)
Execution Period
- 12 Months
Contract Value
- ₹31.27 crore (including GST)

Note:

The contract involves supplying high-capacity power transformers and related services for grid infrastructure projects being executed by AEGCL. The transformers will support power transmission and distribution capabilities across the identified substations in Assam.

Risk Analysis

Summary:

The order is expected to contribute positively to the company’s order book; however, execution remains subject to project timelines, supply-chain management, and customer acceptance milestones.

Key Risks:

Execution delays could impact revenue recognition timing.
Raw material price fluctuations may affect project profitability.
Utility-sector projects often require strict delivery schedules.
Payment realization remains linked to contractual milestones.

Risk Level: Low to Medium

Company Commentary

Marsons has received a Letter of Intent worth ₹31.27 crore including GST.
The order has been awarded by Assam Electricity Grid Corporation Limited.
The scope includes supply of 132/33kV, 50 MVA power transformers and related services.
The project covers Durlavcherra, Karimganj and Srikona substations under AEGCL Package-T-3.
The order is domestic in nature and is expected to be executed within 12 months.

Official Exchange Filing: Marsons Limited