Accord Transformer & Switchgear Strengthens Market Position with Strategic Business Expansion in Q1 FY27

Accord Transformer & Switchgear Limited is a manufacturer of power and distribution equipment, offering a diversified portfolio that includes transformers, switchgear panels, compact substations, busducts, cable trays, and EV charging infrastructure solutions. The Company provides end-to-end solutions encompassing design, engineering, manufacturing, supply, installation, and commissioning, serving the power transmission & distribution, renewable energy, industrial, infrastructure, and electric mobility sectors. Its manufacturing operations are based in Bhiwadi, Rajasthan. 

During Q1 FY27, the Company continued to execute its growth strategy through disciplined business execution, expansion of its manufacturing capabilities, strategic technology collaborations, and enhanced customer engagement across key end-user industries. These initiatives further strengthened Accord’s positioning in India’s evolving power infrastructure and renewable energy landscape. 

Recent Business Developments 

• Strengthened the product portfolio through partnerships with Schneider Electric and Lucy Electric for switchgear and compact substation solutions.  
• Added Aditya Birla Renewables and UGVCL to the approved vendor list, expanding opportunities in the renewable energy and utility sectors.  
• Successfully completed the CPRI Dynamic Short Circuit Test for its 17.6 MVA Inverter Duty Transformer, validating product performance and reliability.  
• Signed an MoU with the Western Administrative District of Moscow to explore international business opportunities.  
• Continued development of the new 5,000 MVA transformer manufacturing facility to support future growth, along with the acquisition of 20,300 sq. meters of land for future expansion 

Strategic Business Developments 

• Received vendor approval from PGCIL, enabling participation in power transmission projects across India.  
• Successfully listed on the BSE SME Platform, strengthening the Company’s capital market presence.  
• Continued supplying transformers and switchgear solutions for NHEV fast-charging infrastructure, supporting India’s EV ecosystem.  
• Focused on expanding its customer base and strengthening its position in the power infrastructure and renewable energy sectors.