Mumbai: Atlanta Electricals Limited has received a Letter of Intent from the Transmission Corporation of Andhra Pradesh Limited (APTRANSCO) for an order worth Rs 193.92 crore.

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The order covers the design, manufacture, testing and supply of 12 auto transformers. The total contract value includes Goods and Services Tax (GST), the company said in an exchange filing on Tuesday, August 18.

Order Details

Under the contract, Atlanta Electricals will supply 12 auto transformers, each having a capacity of 160 MVA. The transformers will operate at voltage levels of 220/132 kV.

The order was awarded against APTRANSCO’s Tender Specification No. PMM21-31/2026 under Lot 2.

Atlanta Electricals will be responsible for the complete process, starting from designing the transformers to manufacturing and testing them. The company will then supply the finished units to APTRANSCO.

The equipment will be produced according to the technical requirements mentioned in the tender.

Execution Plan

Atlanta Electricals said it will execute the order in line with the technical specifications, commercial conditions and delivery schedule fixed by APTRANSCO.

However, the company has not disclosed the exact timeline for completing the order. It has also not provided details about the payment schedule or the locations where the transformers will be installed.

A Letter of Intent generally shows that the buyer plans to award the contract to the selected company. It is issued before the completion of all formal processes connected with the order.

Power Equipment

Auto transformers are commonly used in high-voltage electricity transmission networks. They help transfer electrical power between systems operating at different voltage levels.

The 220/132 kV units covered by this order will be designed to support high-capacity power transmission.

APTRANSCO is responsible for electricity transmission operations in Andhra Pradesh. The new transformers are expected to form part of its transmission equipment requirements.

Atlanta Electricals informed both the BSE and the National Stock Exchange about the development under Regulation 30 of SEBI’s listing rules. The company’s shares trade under the BSE code 544527 and the NSE symbol ATLANTAELE.

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A Republican primary race in Florida has exploded over accusations of antisemitism as one far-right candidate espouses openly anti-Jewish tropes and references to Adolf Hitler.

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Rep. Randy Fine, R-Fla., the lone Jewish Republican in Florida's congressional delegation, is being targeted for his religion by a long-shot rival challenging him in the GOP primary for the Sunshine State's 6th Congressional District.

"This is an open Nazi who transported himself from Las Vegas to Florida in order to target me. This isn't an organic campaign. It's an organized pogrom against the Jews. It's a political pogrom," Fine told Fox News Digital of Dan Bilzerian's campaign on Tuesday.

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It comes as voters across Florida vote in primary elections that will set up key matchups between Democrats and Republicans ahead of the November midterms.

Fine, who was endorsed by President Donald Trump, has attracted multiple GOP challengers in his fight for his first full term in the House. But none have generated backlash like Bilzerian.

"District 6 understands the Jewish problem," he captioned one post on X that appeared to show a campaign gathering.

Last week, he posted what appeared to be an AI-generated video to X that alluded to Hitler in a positive manner while depicting Fine with horns growing out of his head, another antisemitic trope that was infamously used in Nazi Germany to spur hatred of Jews.

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Rep. Josh Gottheimer, D-N.J., told Fox News Digital in response on Tuesday, "Dan Bilzerian is running for Congress on a Nazi platform. That’s not hyperbole. His own campaign ad celebrates Hitler, draws horns on Jews, and calls a sitting Jewish Member of Congress a problem to be solved. That’s absolutely insane, disgusting, and the clearest, textbook version of antisemitism."

"I don’t agree with Randy Fine on much, but that’s exactly the point. When someone runs for the United States Congress on Jew-hatred, every one of us, Democrat and Republican, has an obligation to say so out loud, no matter who’s on the other end of it," Gottheimer said.

Fine told Fox News Digital of Bilzerian's campaign, "I'll be honest, never in my wildest nightmares did I think I would start the week with a swastika painted on one of my yard signs and end the week with a video from a Republican congressional candidate with horns coming out of my head."

He also said, "They've spent, we believe, $6 or $7 million. And I think there's a much bigger story that needs to be explored when this is all over about the influence of direct foreign investments in political campaigns. They've spent millions of dollars in the race of unreported money."

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There is no evidence as of now that foreign investors funded Bilzerian's campaign.

But the degree of antisemitism has drawn condemnation from both House Speaker Mike Johnson, R-La., and House Democratic Leader Hakeem Jeffries, D-N.Y.

"The vile attack ads against Congressman Randy Fine in Florida's 6th District are disgusting and should be condemned by all political leaders on the Right and Left," Johnson said in a statement.

Jeffries said, "The hateful campaign being run by Daniel Bilzerian in Florida is blatantly antisemitic and shocks the conscience. People of goodwill, regardless of political affiliation, must reject his vile attacks on the Jewish community."

Gottheimer was also part of a group of Jewish House Democrats who said that while they do not agree with Fine's positions, Bilzerian's "grotesque" video "has no place in America."

Fine is widely expected to win his primary on Tuesday and is favored to win his seat in November.

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