- KPTCL, NTPC-linked projects drive multi-state transformer orders
- Five fresh contracts to be executed over 12 months signal sustained sector upcycle
- Utility and IPP mix strengthens revenue visibility and capacity utilisation
- Post-listing momentum continues with robust financial performance in Q3 FY26
NE BUSINESS BUREAU
ANAND, JAN 30
Atlanta Electricals Limited (NSE, BSE: ATLANTAELE), a leading manufacturer of power transformers, has secured multiple new orders aggregating ₹288 crore, reinforcing its strong growth momentum amid India’s accelerating power infrastructure expansion. The latest wins—comprising five orders from Karnataka Power Transmission Corporation Ltd (KPTCL) and an Independent Power Producer executing projects for NTPC—are slated for execution over the next 12 months.
Following these contracts, the company’s order book has climbed to ₹2,787 crore, underscoring rising demand across both transmission and generation-linked projects.
KPTCL orders strengthen transmission footprint
Of the total, two orders worth ₹146 crore from KPTCL involve the supply of 13 power transformers, including six 100 MVA, 220/110 kV units and seven 150 MVA, 220/66 kV units, along with 11 Nitrogen Injection Fire Protection Systems (NIFPS). These orders further consolidate Atlanta Electricals’ position in state utility-driven transmission upgrades.
NTPC-linked projects span three states
The remaining three orders worth ₹142 crore, awarded by an IPP executing projects for NTPC, cover transformer supplies across Madhya Pradesh, Maharashtra, and Andhra Pradesh. These include ten 125 MVA, 220 kV transformers and five 100 MVA, 220/33 kV transformers, expanding the company’s footprint in large-scale generation-linked infrastructure.
Management commentary
Commenting on the development, Niral Patel, Chairman and Managing Director, Atlanta Electricals Limited, said, “These order wins reflect the robust momentum in India’s power sector, where both generation and transmission & distribution segments are witnessing strong growth. This upcycle is translating into a sustained surge in transformer demand and a healthy order pipeline in the months ahead. The NTPC order, in particular, adds an optimal balance between utility and private sector projects.”
He added, “We remain committed to strengthening the nation’s power infrastructure through advanced transformer solutions, while enhancing capacity utilisation across our expanded manufacturing base.”
Post-listing performance underlines growth trajectory
Atlanta Electricals, which listed on NSE and BSE on September 29, 2025, recently reported a strong financial performance for Q3 FY26, recording 80% revenue growth and a 120% surge in EBITDA. PAT rose 94.6% year-on-year in Q3 FY26, while 9M FY26 PAT grew 34.6% YoY. EBITDA margins stood at 19.4% for Q3 FY26 and 17.7% for 9M FY26.
At the end of the December 2025 quarter, the company’s consolidated order book stood at ₹2,451 crore, with order intake of ₹796 crore during Q3 FY26. The latest wins in the current quarter have now taken the order book to ₹2,787 crore.
Three decades of powering India’s grid
With over 30 years of industry experience and a diversified portfolio spanning power, auto, and inverter-duty transformers, Atlanta Electricals continues to play a critical role in India’s grid modernisation, capacity expansion, and energy efficiency drive.
