Transformers & Rectifiers India bags order worth Rs126cr from Power Grid

With this order, the company's order book as on date stands around Rs1,001cr.

Oct 10, 2019 08:10 IST India Infoline News Service

Transformers and Rectifiers
Transformers and Rectifiers India Ltd. informed the BSE that it has been awarded the order for 21 units of transformers amounting to Rs126cr from Power Grid Corporation of India Ltd.

The said order falls under the normal course of business.

The company neither has any interest in the entity that awarded the order nor fall within related party transactions.

With this order, the Company's order book as on date stands around Rs1,001cr.

The company is a leading manufacturer of transformers in the country.
Transformers & Rectifiers India Ltd ended at Rs6.98 down by Rs0.22 or 3.06% from its previous closing of Rs7.20 on the BSE.
The scrip opened at Rs7.10 and touched a high and low of Rs7.10 and Rs6.75 respectively. A total of 1,14,875 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs92.53cr.

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