India, June 16 -- Shares of an Indian power and distribution transformer manufacturer drew attention on Tuesday after the company disclosed a purchase order from a US-based solar energy developer. The order, valued at approximately Rs. 7.75 crore, or about USD 820,000, covers the supply of a 25 MVA power transformer for a project in Hemet, California, with execution to be completed within 14 months. The company confirmed that none of its promoters hold any interest in the ordering entity and that the contract does not qualify as a related party transaction.

With a market capitalization of Rs. 1,992.92 crore, the shares of Marsons Limited were trading at Rs. 115.80 per share, up 2.80 percent from its previous closing price of Rs. 112.65 ...