Transformers and Rectifiers bags orders worth Rs 84 cr from GE T&D

Transformers and Rectifiers (India) Ltd, has been awarded third party export orders of transformers worth Rs 84 crore from GE T&D India Ltd. The orders fall within the regular course of business. With this order, the company’s order book as of now stands around Rs 1,121 crore. Established in 1994, Transformers & Rectifiers (India) Ltd has set its mark in the Indian transformer industry as a manufacturer of a wide range of transformers, which adhere to the quality expectations of both the domestic and the international market. Shares of Transformers and Rectifiers (India) Ltd, last trading in BSE, was at Rs 29.6 per unit compared to the earlier close of Rs 26.75 per unit. The total shares traded during the period was 5,04,260 in over 2021 trades. The stock price per unit hit an intraday high of Rs 31 and also an intraday low of Rs 26.8. The net turnover of the day was Rs 1,45,83,140. Net profit of Transformers and Rectifiers (India) stood at Rs 6.56 crore in the quarter ended March 2021 as against a net loss of Rs 2.12 crore during the previous quarter ended March 2020. Sales increased 73.97% to Rs 283.78 crore in the quarter ended March 2021 as against Rs 163.12 crore during the previous quarter ended March 2020. Image SourceAlso read: PGCIL to invest Rs 22.20 bn in power transmission network Also read: India takes major step towards creation of regional power grid