Transformers & Rectifiers (India) Ltd [TRIL] witnessed an order inflow of over Rs.2,000 crore during the financial year ending March 31, 2024 (FY24).
In an investor presentation filed on stock exchanges, TRIL said that its order inflow in FY24 stood at Rs.2,050 crore.
Major orders received during the year included:
- Order four 250 MVA 2×33 kV/400kV transformers from a reputed EPC company, for solar power application
- Order for eight 315 MVA 2×33/400kV transformers from a Central PSU
- Order for transformers from Delhi and Chennai metro rail projects
- Order for 72 transformers & reactors from a leading Central power utility in India
- Order for two 250 MVA ICT (interconnecting transformer)
- Order of four 60 MVA Scott-connected traction power transformer
As of March 31, 2024, TRIL’s outstanding order book stood at Rs.2,582 crore as against Rs.1,499 crore as of March 31, 2023.
Central utilities accounted for 51 per cent of the company’s order book as of March 31, 2024. The comparable level in 2023 was 24 per cent.
TRIL is looking to expand its presence in the renewable energy (RE) sector. As of March 31, 2024, the RE sector accounted for 6 per cent of the order book. As against this, the RE sector had a negligible share in comparable metric of FY23.
It is learnt that TRIL is expanding its capacity for RE-specific transformers by 12,000 MVA and the expansion is likely to be commissioned by December 2024. Currently, TRIL has an overall annual manufacturing capacity of around 37,000 MVA spread over its three plants – Moraiya, Changodar and Odhav – all in Gujarat.
Meanwhile, exports accounted for 11 per cent of TRIL’s total revenues in FY24 – the share rising from 5 per cent in FY23. TRIL is targeting 25 per cent export revenue by FY26, it is learnt.
Also read: TRIL Completes Dynamic Short-Circuit Test On Auto Transformer
Featured photograph shows TRIL’s manufacturing plant at Moraiya – the company’s biggest plant with annual transformer manufacturing capacity of 24,000 MVA, up to 500 MVA, 1,200kV class.
