Moneycontrol Bureau
Shares of Transformers & Rectifiers climbed 5.7 percent intraday Tuesday on getting order from Gujarat Energy Transmission Corporation (GETCO).
"The company has been awarded the order amounting to Rs 124 crore from GETCO. With this order, company's order book as on date stands around Rs 900 crore," said the transformer manufacturer in its filing.
Speaking to CNBC-TV18, Vinod Mason, Director-Strategy, Transformers and Rectifiers says the current orderbook of the company stands at Rs 900 crore.
The company's overall capacity utilization has been 60-65 percent, he says. Talking about Transformers and Rectifiers’ agreement with Japan's Fuji Electrical Co Limited, he says: “we are not in partnership with Fuji, we have a technology agreement with Fuji”.
For the year ended March 2015, Transformers & Rectifiers had reported a loss of Rs 8.04 crore against profit of Rs 5.18 crore in previous year. Revenue during the same period declined considerably to Rs 553.66 crore from Rs 731.60 crore.
At 11:44 hours IST, the scrip of Transformers and Rectifiers India was quoting at Rs 270.30, up Rs 10.10, or 3.88 percent on the Bombay Stock Exchange.
Posted by Sunil Shankar Matkar
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