Transformers and Rectifiers (India) Limited (TARIL) has secured significant orders totaling ₹252 crore, which has led to a notable surge in its stock price. Following the announcement, the stock hit the upper circuit on the National Stock Exchange (NSE), rising by 4.99% to close at ₹745.20.
The new contracts include an order worth ₹91 crore from SPIL for transformers ranging from 50 to 500 MVA and 33 kV to 420 kV, a ₹70 crore order from KEPIPL for transformers and reactors with specifications of 125 MVAr to 500 MVA and 420 kV, and another ₹91 crore order from JSPL for transformers with a capacity of 250 MVA and 400 kV. These contracts are scheduled for delivery by the next financial year.
The announcement of these orders has boosted investor confidence, driving the stock’s sharp increase. TARIL’s stock opened at ₹719.20, reached a high of ₹745.20, and had a previous close of ₹709.75, with the day’s low at ₹694.00.
The company’s recent successes in securing large-scale orders have reinforced its position as a leading transformer manufacturer in India, contributing to the positive market sentiment and the stock’s strong performance.
