Atlanta Electricals (ATLANTAE IN) – Management Meet Update – High-voltage pivot to drive next leg of growth
Published on 19 Feb 2026
We recently interacted with Atlanta Electricals’ (ATLANTAE IN) management, during which it outlined a clear strategy to capitalize on rising transformer demand in India. The company is poised for a step-up in growth, with ~40% revenue CAGR guided over the near term, driven by the commissioning of its Vadod facility, integration of the BTW acquisition, and planned entry into higher voltage classes (400kV/765kV). Aggregate capacity scaling toward ~68,000MVA, a robust order pipeline in power transmission, and expected acceleration in 400kV order inflows post successful prototype validation, provide strong medium-term revenue visibility. Entry into 400kV/765kV through capacity expansion and BTW acquisition, provides access to larger, higher margin tenders, strengthening the long-term growth profile. Additionally, exports are emerging as a margin-accretive lever with ~15% revenue contribution targeted by FY28, while initiatives toward backward integration of key raw materials should further enhance supply-chain resilience and execution capability.
