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Transformers and Rectifiers stock rises 5% following Rs 5.65 billion order
Industry News- Oct 07,24
In addition to this latest order, the company secured another Rs 1.14 billion contract last month from Rajasthan Rajya Vidyut Prasaran Nigam Limited for the supply of 50 MVA, 132/33 KV power transformers, which are set to be delivered in the next financial year.
Transformers and Rectifiers (India) has seen its stock surge by 5% after announcing a significant order worth Rs 5.65 billion from the Power Grid Corporation of India. This order involves the manufacturing of transformers and reactors, with deliveries scheduled for FY26.
As of 10:14 AM, shares of Transformers and Rectifiers were trading at Rs 683.35 on the NSE. The stock has been a multibagger, yielding nearly 200% returns over the past year.
In addition to this latest order, the company secured another Rs 1.14 billion contract last month from Rajasthan Rajya Vidyut Prasaran Nigam Limited for the supply of 50 MVA, 132/33 KV power transformers, which are set to be delivered in the next financial year.
In June, Transformers and Rectifiers raised Rs 5 billion through a qualified institutional placement (QIP), attracting interest from prominent investors such as Nomura, Goldman Sachs, and HSBC. The funds raised will support the company’s capital expenditure plans, repay debts, and address working capital and general corporate needs.
(Moneycontrol)
Transformers and Rectifiers
transformers and reactors
Power Grid Corporation of India
Rajasthan Rajya Vidyut Prasaran Nigam
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