Transformers and Rectifiers (India) bags order of Rs186 crore from one of the State Utility; Stock jumps 7%

Transformers and Rectifiers (India) Limited has been awarded orders of Transformers for total contract value of Rs186 crore from one of the State Utility.

As per the regulatory filing, the said orders fall under the normal course of business. The Company neither has any interest in these entities that awarded the orders nor fall within related party transactions.

With this order, the Company’s Order book as on date stands at Rs1482 crore.

The Company continuously thrives to deliver quality products and services and over a period of time has become a leading manufacturer of transformers in the Country.

At around 3:00 PM, Transformers & Rectifiers was trading at Rs31.30 apiece up by Rs2.15 or 7.38% on the BSE.