Voltamp Transformer Ltd has announced receiving a Letter of Intent (LoI) for supplying various ratings of power transformers from Gujarat Energy Transmission Corporation Limited (GETCO) for a total consideration of Rs 263.33 crore. 

In its regulatory filing, the company said that the order has to be completed in a period of 12 months, which is a significant development for its ongoing business expansion. The scope of the order entails designing, manufacturing, testing, and supplying power transformers according to the required specifications given by the GETCO. 

This is a domestic order and has no involvement in related third-party transactions. 

This Letter of Intent will strengthen the company’s position in the Indian power sector, and this order will provide a steady stream of revenue for the new year. 

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