Transformers And Rectifiers Receives Power Grid Contract

3 Oct 2024 , 01:04 PM

Power Grid Corporation has placed an order for Rs 565 crore with Transformers and Rectifiers (India) Ltd, the company announced on Thursday.

According to a regulatory filing, the order is worth a total of Rs 565 crore and pertains to the supply of transformers and reactors with a voltage range of 420 kV to 765 kV class and 80 MVAr to 500 MVA.

By the 2025–2026 fiscal year, transformer and reactor deliveries are expected.

The aforementioned order is not a related party transaction; rather, it is within the regular course of business.

Power Grid Corporation of India Limited is a Schedule ‘A’, ‘Maharatna’ Public Sector Enterprise of the Government of India, founded on October 23, 1989, under the Company Act, 1956. POWERGRID is a publicly traded company, with the government of India owning 51.34% and the rest controlled by institutional investors and the general public.

For feedback and suggestions, write to us at [e-mail]