Transformers & Rectifiers (India) Ltd [TARIL] has reported a more than trebling of its new order inflows in the first quarter (Q1: April to June) of FY27.
In a release, TARIL said that the company’s order inflow grew 218 per cent year-on-year to reach Rs.2,114 crore during Q1FY27, boosted by a mega Rs.1,000 crore-plus order from Power Grid Corporation of India Ltd (PGCIL) for transformers of various ratings.
As of June 30, 2026, the company’s unexecuted order book reached a record Rs.6,630 crore, representing a 26 per cent year-on-year increase, providing healthy revenue visibility over the coming quarters.
TARIL also continues to maintain a healthy enquiry pipeline of approximately Rs.23,000 crore, supported by increasing investments in power transmission infrastructure, renewable energy integration, industrial expansion and export opportunities, the release noted.
Plant-wise performance
The release observed that during Q1FY27, revenue growth was moderated by lower capacity utilisation at the Changodar manufacturing facility owing to ongoing expansion activities. The expansion is expected to be completed by August 2026, following which the plant is anticipated to operate at improved utilisation levels.
The Moraiya plant, with manufacturing capacity of 40,000 MVA per year, operated at 57 per cent in Q1FY27. The comparable metric for the Odhav plant was 100 per cent in the same period. The Odhav facility (annual capacity: 2,000 MVA) is equipped to produce up to 10 MVA transformer in the 66kV voltage class, including distribution transformers from 500 kVA to 5 MVA.
Expansion of the Changodar manufacturing facility with an investment of approximately Rs.150 crore, backward integration projects worth Rs.900–1,000 crore, and the development of three greenfield manufacturing facilities at Chiyada are progressing as planned. These initiatives will strengthen TARIL’s manufacturing capabilities, enhance operational efficiencies and support future growth, the release noted.
Sustaining the growth momentum
“With capacity expansion progressing as planned, a healthy enquiry pipeline and favourable industry fundamentals, we remain confident of sustaining our growth momentum. As India advances towards its Viksit Bharat 2047 vision, continued investments in transmission infrastructure will create significant opportunities, and TARIL remains committed to supporting this transformation through technology, manufacturing excellence and disciplined execution,” noted Satyen J. Mamtora, MD & CEO, TARIL.
Also read: TARIL wins Rs.1,000-plus crore transformer order from PGCIL