KOCHI: Angamaly-based Transformers and Electricals Kerala Ltd (TELK), a joint venture of the state government and NTPC Ltd, said it has bagged an order worth Rs 289 crore to design, manufacture and supply 38 transformers of various capacities.
The order, largest in the history of the company since its inception, came from Hyderabad-based Megha Engineering and Infrastructures Limited, and the order is for the intra-state transmission project of Madhya Pradesh government.
According to TELK officials, supply of the transformers should be completed within a year, commencing from January 2024. TELK currently has an outstanding order book of about Rs 353 crore. With the latest order, the company’s total manufacture and supply order is at Rs 642 crore. TELK officials also said that as part of strengthening the company’s presence in the transformer repair sector, it has started offering services for the repair of transformers, supplied by other manufacturers to clients like Nuclear Power Corp, Neyveli Lignite Corp, NTPC, Adani, etc.
The company also said that the state government has sanctioned guarantee of Rs 40 crore to TELK for availing credit facility from banks to meet its additional working capital requirements.