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Accord Transformer Secures Multiple Supply Orders Worth Over INR5 Million; Shares Jump 7%

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Accord Transformer & Switchgear (BOM:544710) received multiple supply orders worth about 5.4 million Indian rupees between May 20 and May 23, according to an Indian bourse filing on Saturday.

Shares of the company jumped over 7% in Monday's trade.

The company received an order worth 3.2 million rupees for supply of a 2,500 kVA, 11kV/433V, three-phase transformer, the filing said. The project is scheduled to be completed in about three months, it added.

Additionally, the company secured an order worth 2.2 million rupees for supply of an 1,800 kVA inverter duty transformer, according to the filing. This order is expected to be completed within one month, the filing said.

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