Shares of Transformers and Rectifiers (India) Limited were surging on Monday morning after the company said it had won orders worth around ₹148 crore.
What Happened: The company said on Monday it had received three orders. One of the orders is from NCC and involves designing, engineering, manufacturing and testing for two transformers and two reactors. Additionally, it includes handling the supply and freight for these items. The order is worth around ₹72.50 crore and is expected to be completed by January 2026.
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The second order is from Power Grid Corporation of India. The order involves the design, engineering, manufacturing and testing of class reactors as well as handling their supply and freight. The order shall be completed within 21 months from the date of issue of notification of award.
The last order is from Adani Energy Solutions. The project involves the supply, unloading and other related tasks for seven power transformers. The project is expected to completed by March 2025.
The company added that it has received orders worth ₹698 crore in the June quarter.
Price Action: TRIL’s share price was up 3.76% to trade at ₹750 as the markets opened on Monday.
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