Transformers and Rectifiers Secure ₹698 Crore Orders in a Quarter

Keywords: Transformers and Rectifiers, order wins, QIP, NCC Ltd., Power Grid Corporation of India, Adani Energy Solutions, shares, upper circuit

Transformers and Rectifiers (India) Ltd. has achieved a significant milestone by securing orders worth ₹698 crore in the first quarter. This success has driven the company’s shares into a 5% upper circuit, reflecting strong investor confidence and market response.

Institutional Investments and QIP

Earlier this month, notable institutions such as Nomura Funds Ireland, Goldman Sachs Fund, and HSBC Midcap Fund invested in Transformers and Rectifiers through a Qualified Institutional Placement (QIP) at an issue price of ₹665 per share. This influx of capital has bolstered the company’s financial position, enabling it to secure and execute substantial orders.

Breakdown of Major Orders

NCC Ltd.

• Order Value: ₹72.5 crore
• Details: The contract involves the design, manufacture, and supply of two transformers (500 MVA, 400/220/33 kV) and two reactors (125 MVAr, 420 kV).
• Execution Timeline: By January 2026

Power Grid Corporation of India (PGCIL)

• Order Value: ₹55.91 crore
• Details: This order pertains to the design, manufacture, and supply of 765 kV class reactors.
• Execution Timeline: Within 21 months

Adani Energy Solutions Ltd.

• Order Value: ₹20.14 crore
• Details: The contract involves the supply and installation of seven power transformers (132/33 kV, 20/25 MVA).

These orders, secured from reputable companies, underscore Transformers and Rectifiers’ capabilities and robust market position. The timely execution of these projects is expected to further enhance the company’s reputation and financial performance.

Market Performance

Following these announcements, the company’s shares surged, hitting a 5% upper circuit. This positive market reaction indicates strong investor confidence in the company’s future prospects and its ability to deliver on large-scale projects.

Conclusion

Transformers and Rectifiers’ recent order wins highlight its significant role in India’s power sector. The backing from prominent institutional investors through the QIP also points to a solid growth trajectory. As the company continues to execute these projects, it is well-positioned to maintain its upward momentum in the market.

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