Transformers & Rectifiers India shares hit 5% upper circuit on ₹166 crore order win; key details to know

The order placed by Hyosung T&D India Pvt Ltd is to be executed by the next financial year, Transformers and Rectifiers (India) said in an exchange filing.

The contract is for the manufacturing supply of single-phase coupling transformers and single-phase for TBCB (tariff-based competitive bidding) projects.

The total value of the order received is ₹166.45 crore.

The promoter/promoter group/group companies do not have any interest in these entities that awarded the orders, it said.

Transformers & Rectifiers India is a leading manufacturer of transformers and rectifiers in India. They have manufacturing facilities in Moraiya, Changodar, and Odhav in western India. The company was incorporated in 1994.

In January, T&D (India) said it had secured orders worth ₹362 crore.

The orders are awarded by Power Grid Corporation of India, Megha Engineering & Infrastructures, KEC International, Avaada Electro, Adani Energy Solutions, Torrent Power, Rajasthan Rajya Vidyut Prasaran Nigam, the company said in a regulatory filing.

According to the statement, the total order value received stood at ₹362 crore.

The order was for the supply of Extra High Voltage (EHV) power transformers and the transformers are scheduled to be delivered by the next financial year.

Transformers and Rectifiers (India) share price trend

Shares of Transformers and Rectifiers (India) Ltd have rallied over 5% in the past 12 months. However, in a month, the stock price has fallen 28%.