Transformers -; Rectifiers stock rallies over 3% on Rs145 crore order win

18 Oct 2022 , 03:15 PM

Transformers and Rectifiers (India) Limited stock rallies over 3% after it has received 2 (Two) orders of Transformers for total contract value of amounting to Rs145 crore from well-known Indian Companies.

In a regulatory filing, the company said, “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 Rs1,521 crore.

It further added, “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 3:15 PM, Transformers & Rectifiers India Ltd is currently trading at Rs55 per share up by Rs1.85 or 3.48% from its previous closing of Rs53.15 per share on the BSE.

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