Megatherm Induction Limited — Important, 20-02-2025: General Updates

The new transformer manufacturing facility of Megatherm Induction Limited has achieved operational readiness and commenced production, with most equipment commissioned, pending the arrival of two machines: a vacuum oven and an automatic foil winding machine, which will enable full capacity. The company has received trial orders for Inverter Duty Transformers, notably from Renew Power, set for execution by March 2025. A CPRI test is scheduled for April 2025, and discussions are ongoing with potential customers like Reliance Industries, Adani Green Energy, Aditya Birla Renewables, and Tata Renewables for factory visits and vendor enlistment. This development positions the company positively within the renewable energy sector and signals potential growth opportunities moving forward.