Transformers and Rectifiers Secures Rs. 390 Cr Order from GETCO
Filing Summary
Transformers and Rectifiers (India) Ltd has secured an order valued at Rs. 390 crore from Gujarat Energy Transmission Corporation Limited (GETCO). The order involves the manufacturing and delivery of 53 transformers, to be completed by the next financial year. This order contributes to a total order book of Rs. 493 crore from GETCO for the current quarter. The company confirms that this transaction does not involve any related party interests. Transformers and Rectifiers continues to focus on its core business of transformer manufacturing.
Transformers and Rectifiers (India) Ltd has announced the receipt of an order worth Rs. 390 crore from Gujarat Energy Transmission Corporation Limited (GETCO). The order was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The order involves the manufacturing and delivery of 53 various types of transformers. The contract specifies that the delivery is to be completed by the next financial year. The transaction is classified as domestic, with no international involvement.
The company has confirmed that the promoters or promoter group do not have any interest in GETCO, and the order does not fall under related party transactions. This order is part of the normal course of business for Transformers and Rectifiers.
With this new order, the total order book from GETCO for the current quarter stands at Rs. 493 crore. This reflects the ongoing business relationship between Transformers and Rectifiers and GETCO.
Gujarat Energy Transmission Corporation Limited is a key player in the energy transmission sector, focusing on the development and maintenance of transmission networks in Gujarat. The company is involved in various projects aimed at enhancing the state’s energy infrastructure.
Transformers and Rectifiers (India) Ltd is a leading manufacturer of transformers, specializing in power, distribution, furnace, and specialty transformers. The company operates three manufacturing plants in Ahmedabad, Gujarat, and is managed by a team of approximately 1200 employees. Transformers and Rectifiers is committed to maintaining high-quality standards in its manufacturing processes.