Transformers and Rectifiers hits upper circuit after receiving Rs108cr worth order from Power Grid

The Company's Order book as on date stands around Rs1123cr.

Mar 15, 2021 02:03 IST India Infoline News Service

Transformers and Rectifiers
Transformers and Rectifiers (India) Limited has announced that the company has been awarded the order of Transformers amounting to Rs108cr from Power Grid Corporation of India Limited (PGCIL)

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 around Rs1123cr.

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.

Transformers & Rectifiers India was trading at Rs18.70 per piece up by Rs1.7 or 10% from its previous closing of Rs17 per piece on the BSE, at around 2:45 PM

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