Transformer stock jumps 6% after receiving order worth ₹726 Cr from Gujarat Energy TransmissionTransformer stock jumps 6% after receiving order worth ₹726 Cr from Gujarat Energy Transmission

Introduction:

Transformer stock has secured a ₹726 crore order from Gujarat Energy Transmission Corporation for Auto Transformers and Bus Reactors. This contract strengthens its market position, reinforcing expertise in power transmission solutions and expanding its presence in the transformer manufacturing industry.

Share Price movement of Transformers and Rectifiers (India):

On March 17, 2025, Transformers and Rectifiers (India) Limited opened at ₹381.35, reaching a high of ₹405.00, up 6% from its previous close of ₹374.25, with a low of ₹374.00. The stock is currently trading at ₹393.40, with a market cap of ₹11,796.52 crore.

Transformers and Rectifiers (India) received order:

Transformers and Rectifiers (India) Limited has secured orders worth ₹726 crore from Gujarat Energy Transmission Corporation Limited for the supply of Auto Transformers and Bus Reactors. This domestic contract, inclusive of GST, will be executed within 18 months from the issuance of the Letter of Intent.  

The awarded contract involves manufacturing and supplying high-quality electrical equipment, reinforcing the company’s expertise in transformer production. This order does not fall under related party transactions, and no promoter or promoter group has any interest in the awarding entity, ensuring transparency.  

With this order, the company strengthens its position as a key player in the transformer manufacturing industry. Committed to excellence, Transformers and Rectifiers (India) Limited continues to expand its market reach, providing innovative and reliable solutions to the power transmission sector.

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Recent news About Transformers and Rectifiers (India):

On February 17, 2025, Transformers and Rectifiers (India)’s subsidiary, Taril Switchgear Private Limited, introduced 245 kV high voltage bushings, marking a notable advancement in their product offerings. ​

Stock performance of Transformers and Rectifiers (India) for Period of 1 week, 6 months and 1 year:

Over the past week, Transformers and Rectifiers (India) Limited saw a 5.02% decline, reflecting short-term market fluctuations. However, in the last six months, the stock gained 23.5%, showcasing steady growth. Over the past year, it delivered an impressive 127% return, highlighting strong long-term performance.

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Shareholding pattern of Transformers and Rectifiers (India):

All values in %	Dec-24	Sep-24	Jun-24
Promoters	64.36	66.16	66.16
FII	11.08	9.34	8
DII	7.68	6.93	6.33
Retail & others	16.88	17.57	19.5

About Transformers and Rectifiers (India):

Transformers and Rectifiers (India) Limited is a leading manufacturer of power transformers, catering to utilities and industrial clients. The company specializes in designing, manufacturing, and supplying high-quality transformers, ensuring reliable power transmission solutions while expanding its market presence in India’s growing energy sector.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.