TRIL lands transformer order from Gujarat state transmission utility
- November 30, 2020
Transformers & Rectifiers (India) Ltd [TRIL] has announced the winning of an order from state utility Gujarat Energy Transmission Corporation Ltd, for the supply of transformers.
The order worth Rs.98 crore took TRIL’s outstanding order book position to Rs.1,202 crore, as of November 28, 2020, the company in a stock exchange filing.
Buoyant Q2 but suppressed H1 for TRIL
In an investor presentation, TRIL said that the company’s performance in Q2 (July to September) of FY21 was better than the corresponding period of FY20. However, in the first half (April to September), there was a year-on-year decline in sales. Total income during H1 of FY21 was around 14.2 per cent lower than that in H1 of FY20.
With respect to physical sales (measured in terms of MVA), the company did well in the “below 220kV” class. In H1 of FY21, the company sold 4446 MVA worth of transformers in the sub-220kV category, marking a 32.2 per cent growth over the comparable 3364 MVA in H1 of FY20. However, in terms of the “220kV-plus” category, physical sales were 18.4 per cent lower (See table).
Industry, exports do well
TRIL has reported its transformer sales under three buyer categories – utilities (power and railway), industry (including renewables) and exports. In H1 of FY21, utilities had a lower share of 45 per cent in overall sales (in value terms) as against 51 per cent in H1 of FY20. The industry category saw its share improve to 48 per cent from 44 per cent, by the same comparison. Exports also did well with their share growing to 7 per cent in H1 of FY21 from 5 per cent in H1 of FY20.
Healthy order inflow
TRIL’s outstanding order book position, as of October 31, 2020, stood at Rs.1,135 core. Though the company did not specify the total year-to-date order inflow during FY21, the presentation did mention the receipt of a diversity of orders from Central and state power utilities, private sector companies and renewable energy companies, apart from export mandates. In Q1 of FY21, TRIL had reported an order inflow of Rs.143 crore.
Featured photograph (source: TRIL) shows inside view of TRIL’s transformer manufacturing plant at Changodar in Gujarat.