Transformers and Rectifiers Secures Rs. 53 Cr HVDC Order
Filing Summary
Transformers and Rectifiers (India) Limited has secured an order valued at Rs. 53.33 crore from Power Grid Corporation of India Limited. The order involves the repair, erection, testing, and commissioning of a 397 MVA HVDC Converter Transformer. This domestic order is expected to be delivered by the next financial year. The order does not involve any related party transactions. This marks a significant development for TARIL as it becomes the first Indian private sector company to receive such an order, enhancing its position in the HVDC transformer market.
Transformers and Rectifiers (India) Limited has announced the receipt of an order valued at Rs. 53.33 crore from Power Grid Corporation of India Limited. The order, disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, involves the repair, erection, testing, and commissioning of a 397 MVA HVDC Converter Transformer and related works.
The order is domestic in nature and is expected to be executed by the next financial year. The transaction does not fall within related party transactions and is considered part of the normal course of business for TARIL. The company has confirmed that its promoters or promoter group do not have any interest in the entity awarding the contract.
This order positions TARIL as the first Indian private sector company to secure an HVDC Converter Transformer order, marking a significant milestone in its operations. The company will join the global group of HVDC transformer manufacturers, potentially opening new opportunities in the HVDC segment.
Power Grid Corporation of India Limited is a key player in the transmission sector, focusing on the development and operation of transmission networks across India. The company is involved in various projects aimed at enhancing the country’s power infrastructure and integrating renewable energy sources.
Transformers and Rectifiers (India) Limited specializes in manufacturing transformers and related equipment. The company focuses on expanding its capabilities in the HVDC segment and aligning with India’s “Make in India” initiative. TARIL aims to leverage its expertise to cater to the growing demand for advanced transmission solutions in the domestic market.