Transformers & Rectifiers (India) Ltd [TRIL] has received an order for transformers from a state utility.
In a stock exchange filing, TRIL said that it has been awarded orders for transformers for total contract value of Rs.186 crore from an undisclosed state power utility.
With this, the company’s order book as of date (June 10, 2022) stands at Rs.1482 crore, the filing added.
While no more details on the order were specified, the company clarified that these orders fell under the normal course of business. TRIL has no interest in the entity that has awarded the orders not do the orders fall within related-party transactions.
In an earlier communication, TRIL had said that as of March 31, 2022, the company had an order book position of Rs.1148 crore. In addition, the TRIL has participated in the bidding process of state and Central utilities for supplying equipment worth over Rs.1,000 crore, the company said.
Also read: TRIL Achieves Highest-Ever Transformer Production In FY22
Featured photograph (source: TRIL) is for representation only