The World Bank has removed Transformers and Rectifiers (India) Limited from its list of debarred firms. Additionally, the company announced that it received an order worth USD 24.74 Million. The deadline for submitting the company’s explanation in the sanctions case has been extended to January 12, 2026.
World Bank Removes Debarment
Transformers and Rectifiers (India) Limited announced that the World Bank has removed the company’s name from the list of Debarred Firms and Individuals listed on its website.
Extension for Sanctions Response
The company has been granted an extension for submitting its explanation regarding the sanctions case. The new deadline for submission is January 12, 2026.
Order Value Update
Transformers and Rectifiers (India) Limited has provided an update on the order value related to the World Bank case, clarifying the order value as USD 24.74 Million.
Source: BSE