Shares of this small-cap company surged as it bagged new order worth more than Rs 130 crore
The company is a manufacturer of Power, Furnace and Rectifier Transformers.
About the order
One of the Central Utilities has given Transformers and Rectifiers (India) an order for transformers with a total contract value of Rs 131 crore. The aforementioned orders are within the regular course of business. The corporation is not involved in these organisations that received the orders and is not a party to any related party transactions.
The company's order book currently stands at Rs 1822 crore with the addition of this order. The business has worked hard over the years to provide customers with high-quality goods and services, and it has emerged as the nation's top transformer producer.
Share Price Movement of Transformers and Rectifiers (India) Ltd
The scrip opened on Monday at Rs 66 and touched a high and low of Rs 66 and Rs 63.40, respectively. Its 52-week high stood at Rs 82.25, whereas its 52-week low was Rs 25.10. The current market cap of the company is Rs 852.52 crore. Promoters hold 74.91%, whereas the non-institutional holdings are 25.09%, respectively.
Transformers & Rectifiers (I) Limited has solidified its position as a producer of a variety of transformers that meet the quality standards of both the domestic and international markets in the Indian transformer industry. T&R, as it is more often known, is happy to have completed several prestigious orders from industrialised nations like Canada and the United Kingdom. T&R is an ISO 9001:2000 firm today.
The construction of a world-class infrastructure at Changodar, close to Ahmedabad, one of the leading industrialised towns in India, is credited with enabling the development of power, distribution, furnace, and specialised transformers of the highest calibre. This facility is outfitted with top-of-the-line technology, and it is run by a highly qualified and experienced team of production staff who continually make sure that every manufacturing activity takes into account adherence to the high-quality criteria established by the organisation
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