Transformers and Rectifiers Stock Surges on Big Order from Power Grid Corporation

Transformers and Rectifiers Share Price Surges by 3% on Thursday 🚀💼

Transformers and Rectifiers India Limited, an electrical appliances company, witnessed a significant surge in its share price on Thursday. During the trading session, the company’s share rose by 3% to reach ₹190.35. This increase can be attributed to a major order received by the company.

Power Grid Corporation Places a Mammoth Order 📈💰

Transformers and Rectifiers India Limited informed the stock exchange that it has received an order worth ₹219 crores from Power Grid Corporation of India. This order includes the provision of design, engineering, construction, production, and supply of various transformers and reactors. The order is expected to be completed within 15 months.

Additional Orders Boost Company’s Growth 📈🌟

In addition to the recent order, Transformers and Rectifiers India Limited also secured two more orders. On December 19, the company received an order worth ₹237 crores from Power Grid Corporation. Furthermore, the company has been awarded an order worth ₹118 crores by Uttar Pradesh Power Transmission Corporation. With these three orders, the company has bagged a total of ₹574 crores this week.

Impressive Returns in the Energy Sector 📊💹

Transformers and Rectifiers India Limited has shown remarkable growth in the past six months, with a surge of 113% in its share price. This growth is even more impressive when compared to a 238% increase in share price this year. Over the past two years, the stock has witnessed a staggering 564% growth. In November, the company’s share reached a 52-week high of ₹205.90, while last year during the same month, it was priced at ₹48.45, marking the 52-week low for the stock.

Financial Performance in Q2 of FY 2022-23 📉💰

In the second quarter of the financial year 2022-23, Transformers and Rectifiers India Limited recorded a revenue of ₹258.1 crores. However, the net profit for the quarter decreased to ₹1.6 crores, compared to ₹11.5 crores in the same quarter of the previous year. The company specializes in manufacturing power, furnace, and rectifier transformers, catering to both domestic and international markets.

Transformers and Rectifiers India Limited is a key player in the transformer manufacturing industry, providing a wide range of transformers for domestic and international markets. With its recent orders and impressive growth, the company is poised for further success in the future. 🌟💼📈

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