Marsons Secures ₹15.38 Crore Order from Inox Solar for Transformer Supply
Marsons bags Rs 15-cr order from Inox Solar
Business Standard
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Marsons has secured purchase orders worth ₹15.38 crore from Inox Solar for the design and supply of power transformers. The order is set to be completed within 3-6 months, reflecting Marsons' ongoing growth in the transformer manufacturing sector.
- 01Marsons received an order worth ₹15.38 crore from Inox Solar.
- 02The order includes the supply of various power transformers.
- 03Execution of the order is expected within 3 to 6 months.
- 04Marsons reported a 2.5% increase in net profit to ₹6.48 crore for Q3 FY26.
- 05The company's stock fell by 0.83% to ₹156 on the Bombay Stock Exchange.
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Marsons has announced a significant order worth ₹15.38 crore from Inox Solar for the design and supply of power transformers, specifically 3.15 MVA, 3.5 MVA, and 35 MVA models. This order is expected to be executed within a timeframe of 3 to 6 months. The company clarified that the transaction does not involve any related-party interests, ensuring transparency in its dealings. Additionally, Marsons reported a 2.5% rise in its consolidated net profit, amounting to ₹6.48 crore, alongside a 4% increase in net sales to ₹45.94 crore for the third quarter of fiscal year 2026 compared to the same quarter in the previous fiscal year. Despite this positive news, Marsons' stock saw a decline of 0.83%, closing at ₹156 on the Bombay Stock Exchange.
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This order could boost Marsons' revenue and enhance its market presence in the transformer manufacturing sector, potentially leading to job stability and growth in the local economy.
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