Moneycontrol
Jan 11, 2017 10:29 AM IST | Source: CNBC-TV18

Trend of record orders to continue: Transformers & Rectifiers

Transformers & Rectifiers expects total investments of states in the transmission sector to go up to Rs 60,000 crore in the near future.

Transformers & Rectifiers expects total investments of states in the transmission sector to go up to Rs 60,000 crore in the near future. In an interview to CNBC-TV18, Vinod Mason, Director Strategy, Transformers & Rectifiers said the company is seeing a pick up in their order inflows.

Vinod said the company's orderbook stood at an all-time high of Rs 980 crore at the end of December quarter and he expects the trend to continue going forward into Q4 FY16. On being enquired about capital dilution he maintained the promoter holding will not drop below 51 percent at any given period of time.

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