T&R Wins Rs 53.33bn Power Grid Order For HVDC Transformer Work
POWER & RENEWABLE ENERGY

T&R Wins Rs 53.33bn Power Grid Order For HVDC Transformer Work

Transformers and Rectifiers (India) has secured an order valued at Rs 53.33 billion from Power Grid Corporation of India for work related to HVDC converter transformers. In a regulatory filing, the company said the contract includes the repair, erection, testing and commissioning of a 397 MVA HVDC converter transformer, with completion expected in the next financial year.

The company clarified that neither its promoters nor its promoter group hold any interest in the awarding authority, and the contract does not fall under related-party transactions as per applicable regulations.

Transformers and Rectifiers (India) is one of the country’s leading transformer manufacturers, supplying power generation, transmission, distribution and industrial sectors. Its portfolio ranges from single-phase power transformers of up to 500 MVA and 1,200 kV to furnace and rectifier transformers, distribution units and specialised solutions for locomotives, solar projects, green hydrogen systems and mobile substations. With a manufacturing capacity of 40,000 MVA, the company serves customers in more than 25 countries.

For Q2 FY26, the firm reported consolidated revenue of Rs 4.60 billion, broadly unchanged from Rs 4.62 billion a year earlier. Profit after tax fell 19 per cent to Rs 375 million, with the PAT margin easing to 7.9 per cent from 9.7 per cent. Shares slipped 0.54 per cent to Rs 246.70 on the BSE.

Power Grid Corporation of India, a Maharatna PSU and the central transmission utility, holds majority government ownership at 51.34 per cent as of 30 September 2025. The company posted a 5.98 per cent year-on-year decline in consolidated net profit to Rs 35.66 billion in Q2 FY26, while revenue rose 1.75 per cent to Rs 114.76 billion. Its stock gained 0.48 per cent to Rs 269.60 on the BSE.

Transformers and Rectifiers (India) has secured an order valued at Rs 53.33 billion from Power Grid Corporation of India for work related to HVDC converter transformers. In a regulatory filing, the company said the contract includes the repair, erection, testing and commissioning of a 397 MVA HVDC converter transformer, with completion expected in the next financial year. The company clarified that neither its promoters nor its promoter group hold any interest in the awarding authority, and the contract does not fall under related-party transactions as per applicable regulations. Transformers and Rectifiers (India) is one of the country’s leading transformer manufacturers, supplying power generation, transmission, distribution and industrial sectors. Its portfolio ranges from single-phase power transformers of up to 500 MVA and 1,200 kV to furnace and rectifier transformers, distribution units and specialised solutions for locomotives, solar projects, green hydrogen systems and mobile substations. With a manufacturing capacity of 40,000 MVA, the company serves customers in more than 25 countries. For Q2 FY26, the firm reported consolidated revenue of Rs 4.60 billion, broadly unchanged from Rs 4.62 billion a year earlier. Profit after tax fell 19 per cent to Rs 375 million, with the PAT margin easing to 7.9 per cent from 9.7 per cent. Shares slipped 0.54 per cent to Rs 246.70 on the BSE. Power Grid Corporation of India, a Maharatna PSU and the central transmission utility, holds majority government ownership at 51.34 per cent as of 30 September 2025. The company posted a 5.98 per cent year-on-year decline in consolidated net profit to Rs 35.66 billion in Q2 FY26, while revenue rose 1.75 per cent to Rs 114.76 billion. Its stock gained 0.48 per cent to Rs 269.60 on the BSE.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code