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Accord Transformer & Switchgear jumps on inking pact with City of Moscow

The agreement reflects a shared vision to accelerate growth in power infrastructure and related sectors across both regions

Accord Transformer & Switchgear is currently trading at Rs. 51.89, up by 5.29 points or 11.35% from its previous closing of Rs. 46.60 on the BSE.

The scrip opened at Rs. 47.20 and has touched a high and low of Rs. 52.20 and Rs. 46.01 respectively. So far 132000 shares were traded on the counter.

The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 54.90 on 04-Mar-2026 and a 52 week low of Rs. 45.00 on 17-Mar-2026.

Last one week high and low of the scrip stood at Rs. 52.20 and Rs. 45.10 respectively. The current market cap of the company is Rs. 102.87 crore.

The promoters holding in the company stood at 61.97%, while Institutions and Non-Institutions held 12.19% and 25.83% respectively.

Accord Transformer & Switchgear has inked a Memorandum of Understanding (MOU) with the Western Administrative District of the City of Moscow (Russian Federation), marking a significant step toward international collaboration in energy infrastructure and industrial development. The MOU establishes a framework for cooperation between the two parties aimed at strengthening industrial ties, promoting sustainable energy solutions, and fostering technological exchange. The agreement reflects a shared vision to accelerate growth in power infrastructure and related sectors across both regions.

Under the terms of the MOU, both parties will collaborate across multiple strategic areas, including development of Energy Infrastructure, Manufacturing & Industrial Cooperation, EPC Projects (Engineering, Procurement & Construction), Government & Institutional Engagement and Technology & Skill Development. The partnership also aims to promote structured engagement through business delegations, technical discussions, and investment opportunities, ensuring effective implementation of energy projects and long-term industrial cooperation.

Accord Transformer & Switchgear is engaged in the business of manufacture of wide range of Transformers & other electrical & customised power products and after sales support with multiple locations of marketing and service centres.