Shares of Transformers & Rectifiers (India) Limited hit the 5% upper circuit at ₹385.90 on the BSE on February 19, 2025, following a significant order win worth ₹166 crores. The company confirmed that the order is set for execution by the next financial year.
Transformers & Rectifiers (India) has secured a contract from Hyosung T&D India Private Limited for the supply of single-phase coupling transformers and single-phase transformers for tariff-based competitive bidding (TBCB) projects. The total value of the order stands at ₹166.45 crores, as per the company’s regulatory filing.
The order is expected to be fulfilled by the next financial year, and the company has clarified that no promoter, promoter group, or group companies have any direct interest in the entities awarding the contract.
Impact on share price and market reaction
Following the announcement, the company’s shares hit the upper circuit of 5% at ₹385.90 on the BSE. Over the past 12 months, the stock has delivered a strong performance, surging more than 5%. However, in the past month, it has witnessed a decline of approximately 28%.
Market analysts have taken note of the recent movement, citing the order win as a significant positive for the company’s financial outlook. Investors looking to invest in stocks in the power and infrastructure segment may find this development noteworthy.
Company’s market position and previous orders
Transformers & Rectifiers (India) is a well-established manufacturer of transformers and rectifiers with production facilities in Moraiya, Changodar, and Odhav in western India. The company, incorporated in 1994, has built a strong presence in the power infrastructure sector.
In January, the company secured orders worth ₹362 crores from multiple clients, including government and private sector entities. These orders were for the supply of Extra High Voltage (EHV) power transformers, set to be delivered by the next financial year.
Investment outlook and growth potential
With the latest order win, Transformers & Rectifiers (India) has strengthened its order book, which could contribute to revenue growth in the upcoming quarters. Analysts highlight that the company’s increasing participation in infrastructure and power projects could make it an attractive option for investors in this segment.
As of 11:45 AM on Wednesday, the stock remained locked at ₹385.90 on the BSE, reflecting market optimism. As India continues to prioritise power infrastructure and electrification, companies like Transformers & Rectifiers (India) stand to benefit. Investors will be keen to monitor future order inflows and the company’s ability to execute large-scale projects efficiently.
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