Transformers and Rectifiers shares zoom over 7% on plan to invest ₹1,250 crore to establish three greenfield mfg plants

According to a regulatory filing, the new facilities will manufacture Bushings (OIP, RIP & RIF up to 800 kV), pressboard and insulation materials, and Continuously Transposed Conductors (CTC).

“These critical components form the backbone of high-voltage transformer manufacturing and are essential to strengthening India's power transmission infrastructure,” it said.

The three plants will be housed under a wholly owned consolidated ancillary subsidiary of TARIL, giving it complete control over manufacturing quality, technology, procurement, and long-term strategic direction.

The firm said construction of these facilities commenced in December 2025, with commercial operations expected to start in Q1 FY2027-28.

Once fully operational, the facilities are expected to generate an annual revenue potential of about ₹2,000 crore, while creating more than 1,000 direct employment opportunities across engineering, manufacturing, operations, quality assurance, and research & development, TARIL said.

The Bushing manufacturing facility will produce Oil Impregnated Paper (OIP), Resin Impregnated Paper (RIP), and Resin Impregnated Fibre (RIF) bushings up to 800 kV, among the most technologically advanced components used in extra-high-voltage transformers.

Together with the Pressboard & Insulation and CTC facilities, the plants will significantly strengthen TARIL's vertically integrated manufacturing ecosystem and reinforce India's capability to manufacture critical power equipment components domestically, it said in a press release.

What the management said

Commenting on the development, Jitendra Mamtora, Chairman of TARIL, said: "India's aspiration to become a developed nation by 2047 will require one of the world's most robust and future-ready power infrastructure ecosystems. Every new transmission corridor, renewable energy project and industrial corridor depends on reliable power equipment. Our investment is aligned with this national vision by strengthening domestic manufacturing capabilities for critical transformer components, reducing import dependence, and contributing to a resilient power infrastructure ecosystem built in India, for India and the world.”

The investment represents far more than a capacity expansion; it is a strategic move towards deep vertical integration. Manufacturing Bushings, Pressboard & Insulation materials, and CTC in-house will provide greater control over quality, lead times, and operational efficiency while improving supply chain resilience, said Satyen Mamtora, Managing Director & CEO of TARIL.

“As India's demand for transformers continues to grow, we are building an integrated manufacturing platform capable of supporting the country's evolving power infrastructure requirements while creating sustainable long-term value for customers, shareholders and the nation,” Mamtora added.

TARIL share performance

At around 11:55 AM, the stock of TARIL stood at ₹316.15 per equity share, up 5.49%.

The scrip has fallen 3% in the past week but gained 14% over the month. On a year-to-date (YTD) basis, it has jumped 3%.

While the shares hit a 52-week high of ₹481.40 per unit on October 27, 2025, they touched a year’s low of ₹224.05 apiece on February 2, 2026.

Transformers and Rectifiers (India) has a total market capitalisation of ₹9,473.23 crore as of October 27, 2026, according to data on the NSE.