Transformers and Rectifiers (India) Limited (TARIL) announced today it has secured domestic and export orders totaling ₹350 crore. The company disclosed this information in a regulatory filing to the BSE and National Stock Exchange.
The shares of Transformers and Rectifiers (India) Limited (TARIL) were trading at ₹374.30, down by ₹11.25 or 2.92 per cent on the NSE today at 10.16 am.
The domestic order, valued at ₹272 crore (inclusive of GST), was awarded by Adani Group for the supply of transformers and reactors. The export orders, worth ₹78 crore, were received from Al Sabha Group in Iraq and Powerlink Queensland in Australia for transformer supply.
TARIL confirmed that all orders are to be executed by the next financial year and do not involve any related party transactions. The company stated that neither its promoters nor group companies have interests in the entities that awarded these contracts.
According to the filing, TARIL has established itself as one of India’s leading transformer manufacturers. The company claims to be the second-largest transformer manufacturing company in India based on capacity, with three plants located near Ahmedabad, Gujarat.
TARIL employs approximately 1,200 skilled workers and specializes in producing power, distribution, furnace, and specialty transformers.
