Shares of Transformers and Rectifiers (India) witnessed a robust rally of 5% in early trade on February 26, buoyed by the company’s receipt of orders worth Rs 232 crore from Power Grid Corporation of India Limited.
As of 11:56 am, the company’s shares were trading 5% higher at ₹361.40 on the stock exchange.
The order entails the design, engineering, manufacture, and testing of five 500 MVA, 400/220/33kV, 3-Phase ICT, along with five 500 MVA 400/220/33kV, 3-Phase auto transformers. Additionally, the scope includes the supply of all fittings, accessories, local transportation, transit insurance, loading and unloading, and installation services.
Transformers and Rectifiers (India) is tasked with completing the entire project within 21 months from the date of the award notification. The substantial order from Power Grid Corporation of India Limited reinforces the company’s position as a key player in the power transmission and distribution sector.
