Transformers And Rectifiers (India) Limited has informed the Exchange about Bagging/Receiving of orders/contracts
TARIL · price
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Transformers And Rectifiers (India) Limited (TARIL) has received Notifications of Awards (NOAs) from Power Grid Corporation of India Limited (PGCIL) for the manufacturing of transformers of various ratings, along with all associated work. The order is classified as an 'Ultra Mega Order', which per the company's own classification means Rs. 1,000 Crore and above (excluding GST). Delivery is scheduled within the next 30 months. The order is domestic and is in the normal course of business with no related party involvement.
This is a significant order win from a reputed government PSU, expected to provide strong revenue visibility over the next 30 months and reinforce TARIL's position as a leading domestic transformer manufacturer. The Ultra Mega order size (Rs. 1,000 Cr+) is materially large and likely to positively impact order book and earnings trajectory.