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Transformers and Rectifiers India

BSE: 532928|NSE: TRIL|ISIN: INE763I01026|SECTOR: Power - Transmission & Equipment
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Company History - Transformers and Rectifiers India
We were originally incorporated as Triveni Electric Company Limited
 vide certificate of
 incorporation dated July 11, 1994, bearing  No. : 04  22460 of
 1994-95, and were engaged 
 in the manufacture of upto 220 kV transformers.  Our Company is
 promoted by Mr. Jitendra
 U. Mamtora, Mrs Karuna J. Mamtora and Mr. Satyen J. Mamtora.In 1995
 our Companys name was subsequently changed to Transformers and
 Rectifiers (India) Limited vide a fresh certificate  of incorporation
 dated March 29, 1995, issued by the  Registrar of Companies, Gujarat.
 
 We currently operate out of our two manufacturing  facilities
 situated at Changodar and Odhav situated in  Ahmedabad. We acquired
 ourOdhav unit in 2006 as part of  our expansion plans.
 
 Our business mainly comprises of manufacturing and selling of various
 kinds of transformers such as power, and distribution 
 transformers,furnace transformers, rectifier transformers, 
 and specialised transformers.
 
 In 1998 we were certified as an ISO 9001-2000 company by Bureau 
 Veritas, in respect of design manufacturing and servicing of
 distribution transformers, power transformers (up to 200 MVA,  220 kV
 class) and furnace transformers (up to 63 MVA, 33 kV class). Our
 ISO-9001-2000 certification has expired on September 16, 2007 and is
 in the process of being renewed.
 
 In fiscal 2006 we increased the production capacity  of our plant
 located at Changodar from 4000 MVA p.a to its present capacity of
 6,000 MVA p.a. In order to effectively 
 augment this units production capacities, we initiated several
 expansion and debottle  necking 
 procedures to facilitate this expansion, including  installation of
 new winding machines,separate oven for  coil drying,  segregation of
 despatch area along with 100 MT capacity EOT crane and employing
 additionalmanpower
 
 Effective August 1, 2006 our Company acquired the business of M/s
 Transformers and Rectifiers (India), a proprietary concern of our
 Promoter Mr. Jitendra U.Mamtora situated at Plot No 233, GVMSA
 Industrial Estate, Odhav Ahmedabad. The business was acquired under
 an agreement dated July 10, 2006 on a going concern basis  with all
 the assets and liabilities, 
 effective from August 1, 2006 for a consideration of Rs. 15,221,050/-
 (being the difference between the assets and  liabilities of the
 proprietary concern appearing in the 
 audited balance sheet of the firm as on March 31, 2006). The
 aforesaid consideration was paid by us by issue of 117,085 fully paid
 up equity shares at a price of Rs. 130 per share,comprising of nominal
 share capital at the rate of Rs. 10 per share and premium at the rate
 of
 Rs. 120 per share, to Mr. Jitendra U.Mamtora.
 
 1994  Incorporation of Triveni Electric Company Limited.
 
 1995 Change of name of the Company to Transformers and
  Rectifiers (India) Limited.
 
 1996 Expanded upto 245 kV Class transformers at the new
 plant at Changodar, Ahmedabad, set up under TRIL.
 
 1996-99 Manufactured transformers from 30 MVA, upto 
 132 kV class and received orders upto 50 MVA, 
 132 kV class.Received ISO 9001:2000 Certification 
 (1998)
 
 2000-02 Manufactured transformers upto 100 MVA, 245
  kV class.
 
 2002-03 Re - Certified for ISO 9001:2000
 
 2003-04  Received Single Order of 36 Transformers of
  110 kV Class Delta Connected for TNEB.
  Single Order of 10 Transformers of 220 kV Class for GEB.
 Got PGCIL (Power Grid Corporation India Ltd.) Approval
 
 2004-05  Order for Engg. Manufacturing, supply 
 and Installation of Station, UAT,and Station ATs for
 Sripad 2 x 500 MW, SuperThermal Power Station of NTPC
 (National Thermal Power Corporation) 2 Nos. 75 MVA,
 33/220 kV, Generator Transformers for Non Conventional 
 Wind Power Energy Project from SUZLON.
 Successfully done Dynamic Short Circuit Test upto / 
 on 50 MVA,245 kV class Transformer.
 
 2005-06 Crossed the Rs.100 crore turnover mark 
 with a strong order book of over Rs.260 Crores-For 
 FY 2006-07
 
 2006-07  Crossed the Rs. 200 crore Turnover.
 
  Take over of the entire business of M/s Transformers 
 and  Rectifiers (India),proprietory concern of Mr
 Jitendra U. Mamtora
 
  Acquisition of 100% stake of Transweld Mechanical
  Engineering Works Limited which has become our wholly
  owned subsidiary with effect from August 1, 2006 and
 
  Acquisition of 51% of Transpares Limited with 
 investment of Rs. 13.72 million which has become the 
 wholly owned subsidiary w.e.f October 3,2006
 
  Initiation of major expansion project of 
 manufacturing heavy duty transformers upto 400 kVA 
 class, with a capacity of 8475 MVA,
 
 2008
 
 -Transformers & Rectifiers Board has recommended 20% dividend of the
 Company
 
 2009
 
 -T&R New manufacturing facility inaugurated in Moriya
 
 -T&R unveils new transformer plant
 
 -Company has received Best Supplier Award - 2007-2008
 
 -Company has been awarded single Order of 55 Nos. of Transformers
 amounting to Rs 122 Crores by Maharashtra State Electricity
 Transmission Company Ltd 
 
 2010
 
 -Company has received Recognition for Best Equipment Supplier
 2009-2010 from one of the major utilities in Western India, GETCO
 (Gujarat Energy Transmission Company
 
 -Company has entered into a MOU with a leading global manufacturer of
 765kV class transformers for the purpose of manufacturing and
 supplying these transformers to PGCIL.
 
 2011
 
 -Trans & Rect - Transformers and Rectifiers (India) Ltd. Wins 204
 Crores Order (PGCIL)
 
 2012
 
 -Company has received BEST SUPPLIER AWARD - 2011-2012
 
 --Registered Office of the Company has been shifted from Survey
 No.344-350, Sarkhej-Bavla Highway, Village, Changodar, Tal. Sanand,
 Dist. Ahmedabad-382213, to Survey No. 427 P/3-4, & 431 P/1-2,
 Sarkhej-Bavla Highway, Moraiya, Taluka: Sanand, Dist.
 Ahmedabad-382213
 
 2013
 -Transformers & Recti - Received order of Rs. 296 Crores from Gujarat
 Energy 
 -Transformers and Rectifiers (India) Ltd has recommended a final
 dividend of Rs. 0.75 per share (7.5% on an equity share of Rs. 10/-
 each)
 -Transformers & Recti - Received order of Rs. 126 Crores from Gujarat
 Energy
 - Transformers and Rectifiers has announced Bonus in the Ratio of
 1:9
 :
 
 2014
 -Transformers & Recti - Received order of Rs. 66 Crores from Gujarat
 Energy 
 Transformers and Rectifiers (India) Ltd has recommended a dividend of
 Rs. 0.75 per share (7.5% on an equity share of Rs. 10/- each) 
 -Transformers & Recti - Received Order of Rs. 161 Crore from GETCO
 -Transformers and Rectifiers bags order worth Rs 161 crore from
 Gujarat Energy Transmission Corporation Ltd (GETCO) 
 -TRIL signs Technology License Agreement with Fuji Electrical Co.
 Ltd.
 
 2015
 -Transformers and Rectifiers (India) Ltd has awarded the third party
 export order amounting to Rs. 440 Crores.
 -Transformers and Rectifiers (India) Ltd has Successful Short Circuit
 testing of 315 MVA, 400/220/33kV/ Autotransformer at KEMA,
 Netherlands.
 -The Company has been awarded the order amounting to Rs. 124 Crores
 from Gujarat Energy Transmission Corporation Limited (GETCO).
 
 2016
 -Transformers and Rectifiers (India) Ltd received an order worth Rs
 92 crores from Gujarat Energy Transmission Corporation Limited
 (GETCO).
 
 
Source : Dion Global Solutions Limited
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