Transformers & Rectifiers share up 5% on Rs 565-cr order from Power Grid

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Transformers & Rectifiers share up 5% on Rs 565-cr order from Power Grid - Business Standard

Quick Summary:

The Transformers and Rectifiers (India) Ltd share soared after the company announced that it has secured an order worth Rs 565 crore from Power Grid Corporation of India.

The company also operates four wholly-owned subsidiaries and one joint venture, T&R Switchgear Private Limited, enhancing its operational and market presence.

The company is recognised for its expertise in high voltage transformers, producing units up to 1200 kV.