Supreme Power Equipment starts commercial production at new transformer plant near Chennai
- February 28, 2026
Supreme Power Equipment Ltd (SPEL) announced that it has started commercial production at its new transformer manufacturing plant at Kannur, near Chennai, in Tamil Nadu.
The new manufacturing unit, located in Thiruvallur district, began commercial production on February 25, 2026, SPEL said in a stock exchange communication.
With an annual manufacturing capacity in the region of 6,000 MVA to 6,500 MVA, the Kannur plant will produce transformers up to 200 MVA capacity, and up to 220kV voltage class.
The new plant has significantly enhanced SPEL’s overall transformer manufacturing capacity to around 9,000 MVA. It has also helped SPEL move up to the higher kV range. Its current manufacturing plant, also in Tamil Nadu, and with annual manufacturing capacity of 2,500 MVA, caters to transformers up to 110kV. The existing plant is currently operating at 70-80 per cent capacity utilization.
The new plant was set up with an investment of around Rs.100 crore, and was financed through proceeds of the initial public offering (IPO) of December 2023, internal accruals and proceeds of a preferential issue, SPEL said. The proposed capacity expansion will enable SPEL execute larger MVA contracts, the company said.
In an investor presentation, SPEL said the new plant will largely produce transformers in the capacity range of 25 MVA to 160 MVA. At full capacity, the annual revenue potential of the new plant will be in the range of Rs.500 crore to Rs.550 crore.
Order book
As of February 9, 2026, the outstanding order book of SPEL was around Rs.311.11 crore. Subsequently, the company, up to February 26, 2026, booked orders worth around Rs.18.47 crore for supplying 20 MVA, 110/33/11kV power transformers to an undisclosed Karnataka-based EPC company.
Featured photograph (source: SPEL) showing a manufacturing facility of SPEL is for representation only