Transformer And Rectifier Manufacturer Secures Rs 175 Crore Order For Rajasthan Power Projects

The Indian equity markets traded higher on Tuesday, with the benchmark Nifty 50 index rising 0.40 per cent to 23,747.70 during the session. Power equipment and electrical infrastructure stocks remained in focus amid continued investments in transmission and grid infrastructure projects across India. In this segment, Transformers and Rectifiers (India) Ltd witnessed buying interest after the company announced receipt of a new domestic order. On Tuesday, TARIL share price gained 1.68 per cent to Rs 297.35.

TARIL Secures Rs 175 Crore Order

TARIL informed exchanges that the company secured an order worth Rs 175 crore from Bhanwariya Infra Projects Private Ltd. The order is related to projects for 400/220 KV GSS Kumher, Bharatpur and 400/220 KV GSS Amber, Jaipur under Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RRVPNL).

According to the filing, the scope of work includes the manufacturing and supply of four transformers and five reactors, along with related works. The company stated that the order has been awarded by a domestic entity. The company further stated that the transformers and reactors are scheduled for delivery on or before March 2028.

TARIL Statement

TARIL stated that the company remains committed to delivering high-quality products and services and has established itself as a leading transformer manufacturer in the country over time.

The company also clarified that promoter group entities do not have any interest in the awarding entity and the transaction does not fall under related party transactions.

About Transformers and Rectifiers (India)

Transformers and Rectifiers (India) Ltd is engaged in manufacturing power transformers, distribution transformers, reactors and other electrical equipment used across transmission, generation and distribution infrastructure projects. The company caters to utilities, power transmission companies and industrial customers across domestic and international markets.

The company operates manufacturing facilities with capabilities across extra high voltage transformer and reactor production and has established presence in the power equipment sector over the years. TARIL primarily serves projects related to grid expansion, renewable energy integration and power infrastructure modernisation.

What are your views on TARIL’s latest Rs 175 crore order win? Share your thoughts in the comments below.
Disclaimer: This article is for informational purposes only and not investment advice.