Transformers and Rectifiers (India) Limited has announced significant export orders, totaling US $16.80 million. The company has secured two major contracts for the supply of transformers:
Order from Linxon Global Sweden
Transformers and Rectifiers (India) Limited has been awarded an export order from Linxon Global Sweden. The order is worth US $14.00 million for the supply of 18 units of 20 MVA Trackside Traction Transformers and 55 units of 7.5 MVA Trackside Auto Transformers. This contract requires the company to complete the work by October 2025. The order reflects the company’s strong position in the global transformer market and its capability to deliver high-value projects.
Order from ArcelorMittal Mexico
The company has also received an export order from ArcelorMittal Mexico. The order is valued at US $2.80 million for a 175 MVA, 66 KV Electrical Arc Furnace Transformer. This order is scheduled for completion by December 2024. The contract highlights Transformers and Rectifiers (India) Limited’s expertise in manufacturing specialised transformers for the steel industry.
In Q1 FY 2025, the company reported its total income as ₹32,603 lakh, an increase of 107% from ₹15,735 lakh in Q1 FY 2024. The profit after tax (PAT) for the quarter ended June 2024 was ₹2,087 lakh, up by 271% from a loss of ₹1,217 lakh in Q1 FY 2024.
About Transformers and Rectifiers (India) Limited
Transformers and Rectifiers (I) Limited has strengthened its place in the Transformer Industry in India as a manufacturer of a wide range of transformers that aligns with the quality expectations of both the domestic and international markets.
On August 22, 2024, the share price of Transformers and Rectifiers (India) Ltd opened at ₹684.95, touching the day’s high at ₹709.85, as of 12:29 PM on the NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Aug 22, 2024, 3:20 PM IST
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