Accord Transformer & Switchgear Limited has acquired a 20,300-square-meter industrial plot in Khairthal-Tijara, Rajasthan, for a total consideration of 106.7 million rupees including statutory taxes. The strategic land purchase enables the company to construct advanced testing and production lines for Extra High Voltage transformers, backing its projected FY27 growth targets.
KHAIRTHAL-TIJARA — Indian power distribution equipment manufacturer Accord Transformer & Switchgear Limited has formalized an agreement to acquire a major industrial land parcel in Rajasthan for a base purchase price of 88.5 million rupees ($₹8.85$ crore). Including additional ancillary overhead expenses totaling 18.2 million rupees ($₹1.82$ crore), the overall transaction value is pegged at 106.7 million rupees ($₹10.67$ crore). The infrastructure acquisition is designed to directly accelerate the public company's heavy manufacturing and warehousing footprint amid surging regional demand for utility grid equipment.
Strategic Footprint Expansion in Rajasthan's Industrial Belt
The board of directors at Accord Transformer & Switchgear Limited confirmed that the newly acquired real estate asset spans an aggregate footprint of 20,300 square meters, equivalent to approximately 2.03 hectares or 8.12 local Bigha units. The physical plot is situated at Village Shekhpur Aheer, within the Tijara Tehsil of the newly designated Khairthal-Tijara District in northeastern Rajasthan.
This geographical area acts as a central hub for industrial engineering operations due to its proximity to the National Capital Region (NCR) and access to power transit lines. Company filings state that the acquired land will be utilized to construct new manufacturing facilities, dedicated testing infrastructure, and modern warehousing hubs.
The primary operational goal of this factory expansion is to accommodate the engineering, assembly, and rigorous testing lines required for Extra High Voltage (EHV) electrical transformers, a product vertical experiencing rapid institutional deployment across state-run and private utility companies.
Financial Structuring and Statutory Compliance
The overall financial consideration of 106.7 million rupees consists of the core property acquisition rate of 88.5 million rupees alongside institutional overheads of 18.2 million rupees, which cover broker commissions, mandatory state stamp duties, and registration levies. Management has confirmed that the complete consideration is funded through internal cash accruals and proceeds earmarked for capital expenditures.
In compliance with domestic securities regulations, Accord Transformer & Switchgear Limited submitted official disclosures to the Bombay Stock Exchange (BSE) under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements. The corporate disclosure affirmed that the property purchase is categorized as an outright asset buy from independent sellers.
Furthermore, the counterparty does not maintain any corporate links, equity stakes, or historical relationships with the company’s promoting family, board members, or subsidiary entities. The execution of the formal sale deed is contractually scheduled for completion on or before July 7, 2026.
Financial Metrics and Industrial Context
The enterprise previously finalized its FY26 financial book with an annual total income of 703.57 million rupees ($₹70.36$ crore) and a net profit of 45.04 million rupees ($₹4.50$ crore). Supported by a robust domestic order book valued at approximately 1,560 million rupees ($₹156$ crore), executive leadership issued formal financial guidance for FY27 targeting a revenue range of 1,200 million to 1,800 million rupees.
This land acquisition addresses immediate production constraints as the firm transitions into higher-capacity heavy equipment markets. The company operates two manufacturing facilities in the RIICO Industrial Area of Bhiwadi, Alwar, Rajasthan, which specialize in sub-33kV distribution units, solar inverter-duty transformers, and low-voltage control panels. The addition of the 20,300-square-meter facility allows the enterprise to capture larger utility contracts without interrupting operations at its older plants.
Official Sources Section
Data parameters regarding land area, location coordinates, acquisition prices, and statutory compliance metrics have been derived from the official regulatory disclosure submitted by Accord Transformer & Switchgear Limited to the Indian stock exchange platforms on July 3, 2026. Corporate governance parameters and initial public offering frameworks were verified against historical organizational charters logged with the Ministry of Corporate Affairs (MCA).
Quote Section
"According to officials outlining the strategic roadmap, the land acquisition represents a long-term deployment of capital to establish scalable manufacturing footprints. The corporate transaction does not require prior governmental or regulatory approvals, and the formal sale deed remains on track for final execution by the early July deadline."
Why It Matters
The investment underscores a nationwide push to update electrical distribution networks to support renewable energy projects and industrial complexes. By scaling up testing infrastructure for high-voltage systems, mid-tier electrical manufacturers are reducing delivery times for essential grid components, helping regional distribution companies scale operations more efficiently.
Key Facts at a Glance
Base Land Value: 88.5 million Indian rupees ($₹8.85$ crore) allocated for property acquisition.
Ancillary Charges: 18.2 million Indian rupees ($₹1.82$ crore) paid for state stamp duty, regulatory registration, and commissions.
Physical Dimension: 20,300 square meters located in Shekhpur Aheer, Khairthal-Tijara, Rajasthan.
Core Application: Production expansion for manufacturing, testing, and warehousing of Extra High Voltage (EHV) equipment.
Final Execution: Contractual signing and deed registration finalized on or before July 7, 2026.
FAQ Section
What is the location of the land purchased by Accord Transformer & Switchgear?
The land is situated in Village Shekhpur Aheer, Tehsil Tijara, within the Khairthal-Tijara District of Rajasthan, India.
What is the total financial layout for this asset purchase?
The total consideration reaches 106.7 million rupees, which combines the 88.5 million rupee land price and 18.2 million rupees in stamp duty and allied registration fees.
What products will be manufactured at the new industrial plant?
The facility will focus on expanding manufacturing capacities, advanced high-voltage testing systems, and warehousing for heavy electrical equipment, particularly Extra High Voltage (EHV) units.
Is this land acquisition classified as a related-party transaction?
No, official corporate disclosures verify that the transaction was negotiated at arm's length with completely independent external sellers.
Source: Official corporate announcement and listing compliance reports filed under Regulation 30 with BSE India on July 3, 2026.
