Transformers India shares jumped more than 4% on September 13th, 2024 after the company won an order worth Rs 114 crore from RRVPNL.
Key details of the order include:
- Order Details: Power transformers of 50 MVA, 132/33 KV will be manufactured and delivered.
- Entity: The order was awarded by Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL), a domestic entity.
- Execution Timeline: The transformers are expected to be delivered by the next financial year.
- Order Value: ₹114 crore.
- Promoter Interest: No interest from the promoter or promoter group in the awarding entity.
- Related Party Transactions: The order falls under the normal course of business and is not classified as a related party transaction.
As of 12:02 pm, Transformers India shares were trading 3.70% higher at Rs 690.00 on the NSE.
