Transformers and Rectifiers up 4%, wins order worth Rs 96 crore

Moneycontrol BureauShares of Transformers and Rectifiers India added nearly 4 percent intraday Thursday as it has received an order worth Rs 96 crore."The company has been awarded the order for 232 inverter duty transformers and 19 power transformers upto 110 kV Class amounting to Rs 96 crore from Adani Group for solar power project," as per company release."The said order falls under the normal course of business. The company neither has any interest in the entity that awarded the order nor fall within related party transactions.""With this order, the company's order book as on date stands around Rs 980 crore.""The company continuously thrives to deliver quality products and services and over a period of time has become a leading manufacturer of transformers in the country," it added.At 12:11 hrs Transformers and Rectifiers India was quoting at Rs 330, up Rs 5.25, or 1.62 percent on the BSEPosted by Rakesh Patil