Schedule a Call Back
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
Related Stories
Electrical & Electronics
Transformers and Rectifiers secures Rs 7.26 billion order from GETCO
The order, inclusive of GST, is set to be completed within 18 months from the issuance of the Letter of Intent (LOI).
Read moreElectrical & Electronics
TARIL wins Rs 3.5 billion worth orders from Adani, Iraq and Australia
The company confirmed that these contracts do not fall under related party transactions and align with its normal course of business.
Read moreElectrical & Electronics
Transformers and Rectifiers stock rises 5% following Rs 5.65 billion order
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 transfo..
Read moreRelated Products
Geared Electric Motors
ELECTRICAL & ELECTRONIC EQUIPMENT
Delco Fans Pvt Ltd offers single phase capacitor run and three
phase geared Instrument motors, totally enclosed face/foot mounted.
“Kusam-Keco” Partial Discharge Acoustic Imager - Model - Km-pdai
ELECTRICAL & ELECTRONIC EQUIPMENT
‘Kusam-Meco’ has introduced a new “Partial Discharge Acoustic Imager Model KM-PDAI.
78 Series Din Rail Terminal Blocks
ELECTRICAL & ELECTRONIC EQUIPMENT
Werner Electric Private Limited offers a wide range of 78 series din rail terminal blocks.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
