Transformers and Rectifiers (India) Limited (TARIL) revealed today that it has secured orders totaling ₹350 crore, both domestically and for export. The company made this announcement in a regulatory filing to the BSE and National Stock Exchange.
As of 10:16 am today, TARIL’s shares were trading at ₹374.30, showing a decrease of ₹11.25 or 2.92 per cent on the NSE.
The domestic order, valued at ₹272 crore (including GST), was granted by Adani Group for the provision of transformers and reactors. Additionally, export orders amounting to ₹78 crore were received from Al Sabha Group in Iraq and Powerlink Queensland in Australia for transformer supply.
TARIL confirmed that these orders are scheduled for completion by the next financial year and do not involve any related party transactions. The company emphasized that neither its promoters nor group companies have any interests in the entities awarding these contracts.
According to the filing, TARIL is recognized as one of India’s top transformer manufacturers and claims to be the second-largest transformer manufacturing company in India based on capacity. The company operates three plants near Ahmedabad, Gujarat, employing about 1,200 skilled workers. Their expertise lies in producing power, distribution, furnace, and specialty transformers.
