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An update from Transformers and Rectifiers (India) Limited ( (IN:TARIL) ) is now available.
Transformers and Rectifiers (India) Limited has secured a significant order worth Rs. 53.33 crore from Power Grid Corporation of India Limited for the repair, erection, testing, and commissioning of a 397 MVA HVDC Converter Transformer. This order marks a milestone as TARIL becomes the first Indian private sector company to receive such an order, enhancing its position in the global HVDC transformer market. The contract aligns with India’s growing demand for HVDC technology driven by renewable energy integration, grid modernization, and transmission network expansion. This development supports the Indian government’s ‘Make in India’ initiative by providing a domestic source for HVDC transformers, which are crucial for efficient long-distance power transmission.
More about Transformers and Rectifiers (India) Limited
Transformers and Rectifiers (India) Limited operates in the electrical equipment industry, focusing on the manufacturing of transformers and rectifiers. The company is known for its expertise in producing high-voltage direct current (HVDC) transformers, positioning itself as a significant player in the power transmission sector.
Average Trading Volume: 211,957
Technical Sentiment Signal: Hold
Current Market Cap: 77.88B INR
Learn more about TARIL stock on TipRanks’ Stock Analysis page.