Transformers and Rectifiers (India) Limited has secured a new order worth ₹103.45 Crore. The order involves the manufacturing and related work of various types of transformers for the Gujarat Energy Transmission Corporation Limited. This order is expected to be executed within the next financial year and will positively impact the company’s revenue.
Significant Order Secured
Transformers and Rectifiers (India) Limited announced it has secured a substantial order from the Gujarat Energy Transmission Corporation Limited, valued at ₹103.45 Crore. This new order will contribute significantly to the company’s revenue stream.
Project Overview
The order encompasses the manufacturing of 54 different types of transformers and associated services. The company will supply these transformers to Gujarat Energy Transmission Corporation Limited. This order falls under the domestic category.
Timeline and Financial Impact
The execution of this order is scheduled to be completed within the next financial year. The company has clarified that this order falls under the normal course of business and does not involve any related party transactions, executed at arm’s length.
Source: BSE
