<h1>Transformers and Rectifiers Secures Ultra Mega Order from PGCIL</h1>
Transformers and Rectifiers (India) Ltd has secured an Ultra Mega Order from Power Grid Corporation of India Limited (PGCIL) for the manufacturing of transformers. This significant contract highlights the company's standing as a leading manufacturer in the domestic market.
The order pertains to the manufacture of various rated transformers along with all associated work, awarded by the domestic entity, PGCIL. The entire transaction falls within the normal course of business and is not considered a related party transaction.
The delivery timeline for the contracted orders has been set within the next 30 months. The procurement details confirm that the promoter or promoter group holds no interest in Power Grid Corporation of India Limited (PGCIL).
A summary of the order particulars is provided below:
| Aspect | Details |
|---|---|
| Awarding Entity | Power Grid Corporation of India Limited (PGCIL) |
| Nature of Contract | Manufacturing Transformers of various ratings and associated work |
| Order Classification | Ultra Mega Order |
| Delivery Period | Within next 30 Months |
The project classification for this order falls under the definition of an Ultra-Mega Order, which is classified as contracts valued at Rs. 1000 Cr and above.
This contract reinforces Transformers and Rectifiers (India) Ltd's commitment to delivering high quality products and services in the power infrastructure sector.
TARIL Stock Price Movement
As of 2:41 PM, shares of Transformers And Rectifiers (India) Limited are slipping by 0.75% in live trading, currently priced at ₹330.30 as the company trades down ₹2.50. The stock saw brisk activity this session, with over 1.28 million shares transacting throughout the day so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.