Marsons Secures $1M US Power Transformer Order for Renewables
By Varun Mittal
Marsons Limited lands a ₹7.75 Cr ($820K) order for a 25 MVA power transformer from a US solar developer, marking its entry into the American renewable energy market.
Marsons Limited has landed a significant international order worth ₹7.75 crore (approximately USD 820,000) from a US-based Solar Energy Developer. This strategic move marks the company’s entry into the burgeoning American renewable energy infrastructure market.
Key Deal Details
- Order Value: ₹7.75 crore (approx. USD 820,000)
- Client: US-based Solar Energy Developer
- Product: 25 MVA Power Transformer
- Project Location: Hemet, California, USA
- Completion Timeline: 14 months
Strategic Market Entry
This contract is a pivotal step for Marsons, establishing its presence in the American renewable energy sector. The project in Hemet, California, highlights the company’s capability in international infrastructure supply.
Compliance and Transparency
Marsons confirmed the absence of promoter or group company interests in the awarding entity. This ensures the transaction is not a related party deal, adhering to SEBI regulations.