Transformers & Rectifiers (India) Ltd [TRIL] has landed an order to supply transformers to Gujarat Energy Transmission Corporation Ltd.
In a stock exchange filing, TRIL said that it has been awarded an order to supply transformers valued at Rs.66 crore to state power utility Gujarat Energy Transmission Corporation Ltd (GETCO).
With this order, the company’s order book as on date (June 14, 2021) stands at Rs.966 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,” the stock exchange filing said.
It may be mentioned that towards the end of May 2021, TRIL had announced the winning of an order valued at Rs.83 crore from GE T&D India. This was a third-party export order and took TRIL’s outstanding book position, as of May 26, 2021, to Rs.1,121 crore.
The difference between the order book positions of June 14 and May 26, 2021, could imply that orders worth Rs.155 crore (the difference) were completed during this period.
Exports do well in FY21
TRIL clocked exports of Rs.98 crore in FY21 as against Rs.55 crore in FY20, a growth of 78 per cent. Exports accounted for 13 per cent of the company’s total sales in FY21, significantly higher than 8 per cent in FY20. In fact, in Q4 (January to March) of FY21, alone, exports worth Rs.64 crore were made. In other words, nearly two-thirds of the total exports in FY21 came in Q4 alone. (Read full story)
