Rs 6,630 Crore Order Book: Heavy Electrical Equipment Stock Jumps 3.54% After Bagging Large Order from APTRANSCO

On Friday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 64.05 points, or 0.26 per cent, to 24,331.80. The Nifty Energy index also declined 172.15 points, or 0.44 per cent, to 38,518.10. Amid the market movement, Transformers and Rectifiers (India) Ltd share price rose 3.27 per cent to Rs 301.55 after the company disclosed that it had received a Letter of Intent (LOI) from Transmission Corporation of Andhra Pradesh Limited (APTRANSCO) for manufacturing transformers and related work.

TARIL Receives Large Order from APTRANSCO

Transformers and Rectifiers (India) Limited has received an LOI from Transmission Corporation of Andhra Pradesh Limited (APTRANSCO). The order has been classified as a Large Order under the company's project classification policy. As per the filing, the company classifies orders excluding GST of up to Rs 100 crore as significant orders, Rs 100 crore to Rs 500 crore as large orders, Rs 500 crore to Rs 1,000 crore as mega orders and Rs 1,000 crore and above as ultra-mega orders.

The order involves manufacturing of transformers and related work. The order is domestic in nature and will be executed in accordance with the terms and conditions stipulated in the LOI.

Delivery Scheduled Within 13 Months

According to the company filing, the scheduled delivery for the order is within the next 13 months. The company has not disclosed the exact monetary value of the order in the filing, but has classified it as a Large Order under its internal project classification policy.

No Promoter Interest in Awarding Entity

The company clarified that the promoter, promoter group and group companies do not have any interest in APTRANSCO, the entity awarding the order. The company also stated that the order falls under the normal course of business and does not constitute a related party transaction.
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Transformers and Rectifiers Share Price

Transformers and Rectifiers (India) Limited shares were trading at Rs 302.35, up 3.54 per cent on Friday, outperforming the broader market, with the Nifty 50 declining 0.28 per cent. The stock moved higher after the company announced the LOI from APTRANSCO.

The company, in its filing dated August 14, 2026, stated that it remains committed to delivering high-quality products and services and has established itself as a leading manufacturer of transformers in the country over time.

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Disclaimer: The article is for informational purposes only and not investment advice.