Transformers & Rectifiers India Share Price Gains Over 5%; Announces ₹1,250 Crore Investment in New Manufacturing Plants

On October 27, 2026, Transformers and Rectifiers (India) Limited announced a strategic investment of ₹1,250 crore to establish 3 new greenfield manufacturing plants in Chiyada, Gujarat, as per the exchange filings.  

This initiative aims to bolster India's high-voltage power transmission capabilities. 

Investment in Greenfield Manufacturing Facilities 

The company is set to invest ₹1,250 crore to construct 3 new manufacturing plants in Chiyada, Gujarat. These facilities will be part of a wholly owned subsidiary, ensuring complete corporate control over production quality and procurement processes. 

The new plants will focus on producing advanced components such as Oil Impregnated Paper, Resin Impregnated Paper, and Resin Impregnated Fibre bushings up to 800 kV. Additionally, they will manufacture pressboard, insulation materials, and continuously transposed conductors. 

Localisation of Component Portfolio 

By localising the production of these critical components, the company aims to reduce its reliance on imports for high-voltage transformer manufacturing. This move is expected to create a more resilient domestic supply chain for India's growing power sector. 

Read More: Adani Total Gas Share Price Declines Over 5% After Q2 FY27 Earnings Results! 

Construction Timeline and Revenue Projections 

Civil construction for the Chiyada plants began in December 2025, with commercial operations expected to start in the first quarter of the financial year 2027-28. Once operational, these facilities are projected to generate an annual revenue of approximately ₹2,000 crore and create over 1,000 direct jobs. 

Leadership's Strategic Vision 

Chairman Jitendra Mamtora emphasised that this investment aligns with India's goal to develop a future-ready power infrastructure by 2047. Managing Director and CEO Satyen Mamtora highlighted the benefits of in-house component manufacturing, which enhances vertical integration and operational efficiencies. 

Transformers and Rectifiers India Share Price Performance 

As of October 27, 2026, at 11:41 AM, Transformers and Rectifiers India share price on NSE was trading at ₹316.15, up by 5.49% from the previous closing price. 

Conclusion 

Transformers & Rectifiers India's ₹1,250 crore investment in 3 greenfield plants in Gujarat aims to enhance local manufacturing of high-voltage components. The facilities are expected to generate ₹2,000 crore in annual revenue and create over 1,000 jobs. 

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