Transformers and Rectifiers shares locked in 5% upper circuit on export order worth Rs 140 crore

Transformers and Rectifiers (India) Ltd shares rose 5% upper circuit on Thursday, August 22, after the firm said that it has received orders totalling $16.8 million from two international entities.

Linxon Global Sweden granted the company a $14 million contract for 18 trackside traction transformers of 20 MVA and 55 trackside autotransformers of 7.5 MVA. The full project is planned to be finished in October 2025.

Arcelor Mittal Mexico placed a second order for a 175 MVA, 66 KV electrical arc furnace transformer, valued at $2.8 million. The completion of the same is anticipated by December of the current year.

The firm said last month that it intended to generate ₹2,000 crore in sales in 2024–25, with a profit margin increase to 14% from 10% in the previous year.

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