Moneycontrol PRO
HomeNewsBusinessStocksTransformers and Rectifiers locked at upper circuit on receiving orders worth Rs 359 cr

Transformers and Rectifiers locked at upper circuit on receiving orders worth Rs 359 cr

The share touched 52-week high of Rs 766.20 and 52-week low of Rs 75.44 on 24 April, 2024 and 24 May, 2023, respectively.

May 24, 2024 / 10:04 IST
Transformers and Rectifiers
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Transformers and Rectifiers shares were locked at 5 percent upper circuit in the early trade on May 24 after the company won domestic and export orders worth Rs 359 crore.

    At 09:19am, Transformers and Rectifiers India's shares were were quoting at Rs 619.60 apiece, up 5 percent, on the BSE.

    There were pending buy orders of 24,356 shares, with no sellers available.

    The company has received three orders worth Rs 359 crore, including an export order of transformers worth Rs 161 crore from AL Anwaar International. Additionally, it has bagged an orders of transformers worth Rs 198 crore from Adani Group.

    The export order included "T&R” MAKE 90 MVA, 132/33 KV Transformer with Fittings and Accessories and the entire work shall be completed by February 2025.

    Catch all market action in our live blog

    The domestic orders included first order worth Rs 179 crore from Adani Group, for designing, engineering, manufacture, testing at manufacturers works, supply, freight, ETC of 6 Nos of 500 MVA 400 kV Transformers; 3 no of 125 MVAR 400 kV reactors and 16 unit transformers.

    The entire work shall be completed within 18 months from date of issue of notification of award.

    The other domestic order of transformers for total contract value of Rs 19 crore from L&T Group for designing, engineering, manufacture, testing at manufacturers works, supply, freight, ETC of 1 no of 250MVA Transformers.

    The entire work shall be completed within 15 months from date of issue of notification of award.

    The share touched 52-week high of Rs 766.20 and a 52-week low of Rs 75.44 on 24 April, 2024 and 24 May, 2023, respectively.

    Currently, the stock is trading 19.13 percent below its 52-week high and 721.31 percent above its 52-week low.

    Moneycontrol News
    first published: May 24, 2024 10:03 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
    CloseOutskill Genai