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Transformers and Rectifiers Secures ₹362 Crore Order: Key Details Revealed

Written by: Team Angel OneUpdated on: Jan 28, 2025, 3:01 PM IST
Transformers and Rectifiers win ₹362 crore orders from leading domestic firms for EHV power transformers, set for delivery by next fiscal year.
Transformers and Rectifiers Secures ₹362 Crore Order: Key Details Revealed
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Transformers and Rectifiers (India) Limited (TARIL), a leading manufacturer of transformers in India, has announced the receipt of significant orders worth ₹362 crore. These contracts mark a noteworthy achievement for TARIL as it continues to strengthen its position in the industry.

The share price of TARIL was locked in a lower circuit of 5% as of 12:45 PM on January 28, 2025.

Who Awarded the Orders?

The ₹362 crore order has been secured from notable domestic entities, including:

This diverse client base underlines TARIL’s reputation and expertise in manufacturing high-quality transformers.

Nature and Scope of the Order

The contracts involve the supply of Extra High Voltage (EHV) Power Transformers and related manufacturing services. These transformers are vital components in the power infrastructure and play a critical role in ensuring reliable energy transmission across the grid.

Delivery Timeline and Execution

The delivery of these transformers is scheduled to be completed by the next financial year. TARIL’s commitment to meeting deadlines and maintaining high-quality standards positions it as a reliable partner for such large-scale projects.

Other Notable Aspects

  • Domestic Focus: All orders have been awarded by Indian entities, reinforcing TARIL’s strong presence in the domestic market.
  • Unrelated Party Transactions: The contracts are part of TARIL’s regular business operations and do not involve any related-party transactions.
  • No Promoter Interest: The promoter group of TARIL has no vested interest in the awarding entities, ensuring transparency in the deal.

About Transformers and Rectifiers (India) Limited

TARIL is one of the largest transformer manufacturers in India, second only in capacity. The company operates state-of-the-art manufacturing facilities in Ahmedabad, Gujarat, with a team of over 1,200 skilled employees. Known for its ability to produce world-class power, distribution, furnace, and specialty transformers, TARIL continues to uphold its commitment to quality and innovation.

Published on: Jan 28, 2025, 3:01 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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