Accord Transformer & Switchgear Limited has entered into a strategic Memorandum of Understanding (MOU) with the Western Administrative District of Moscow, marking a key milestone in its international expansion and commitment to advancing global energy infrastructure. The agreement, signed on March 22, 2026, in Haryana, India, establishes a framework for long-term cooperation between the two parties. The partnership is designed to strengthen industrial collaboration, promote sustainable energy solutions, and enable the exchange of technical expertise across regions.
Under the MOU, both parties will collaborate across several strategic areas. These include the development of energy infrastructure such as transformers, distribution systems, and switchgear equipment, as well as exploring opportunities for manufacturing partnerships, local assembly units, and potential joint ventures in Moscow.
The agreement also outlines cooperation in Engineering, Procurement, and Construction (EPC) projects, particularly in large-scale infrastructure initiatives such as substations and industrial power systems. Both sides will engage with government bodies, financial institutions, and industry stakeholders to facilitate project execution and investment opportunities.
A key focus of the collaboration is technology and skill development. The partnership will promote training programs, knowledge exchange, and capacity-building initiatives in areas such as smart grid technologies, transformer manufacturing, and energy-efficient systems.
Commenting on the development, Pradeep Kumar Verma, Chairman and Managing Director of Accord Transformer & Switchgear Limited, described the MOU as a significant step toward global growth. He emphasized that the collaboration will open new avenues for infrastructure development, technology exchange, and access to international markets while contributing to sustainable energy ecosystems.
Accord Transformer & Switchgear Limited is a leading provider of end-to-end energy solutions, with expertise in the design, manufacturing, installation, and commissioning of transformers and switchgear systems. The company operates advanced manufacturing facilities in Bhiwadi and serves sectors including power transmission, renewable energy, and industrial infrastructure. This strategic partnership underscores the company’s vision to expand its global footprint while supporting the development of resilient, efficient, and future-ready energy systems across international markets.
