Mumbai, June 27 -- The order involves the supply of 30 units of 765-kilovolt (kV), 500 megavolt-ampere (MVA) single-phase transformers.

In an exchange filing, the company stated that India requires a sustainable, flexible, and secure grid to meet its energy transition objectives. These include the integration of renewable energy sources and the electrification of industries and transportation. As a result, demand for power transformers in the country has surged-growing at a compound annual growth rate of 15% over the past two years. To address this rising demand, utilities in India and globally are shifting from short-term, project-based approaches to long-term, program-based planning.

The Ultra High Voltage (UHV) AC 765 kV transformers...