Transformers & Rect.

Transformers and Rectifiers (India) announced an investment of Rs 1,250 crore to establish three greenfield plants at its Chiyada manufacturing complex in Gujarat to make bushings up to 800 kV, pressboard and insulation materials, and continuously transposed conductors. The plants were to be housed under a wholly owned ancillary subsidiary, with construction having begun in December 2025 and commercial operations expected in the first quarter of fiscal 2028, alongside an annual revenue potential of about Rs 2,000 crore and more than 1,000 direct jobs. The company positioned the project as a move to localise critical transformer components, reduce import dependence and strengthen supply-chain resilience. The programme extended a backward-integration effort that included a 3,000 MTPA continuously transposed conductor facility with about 60% captive use and pressboard capacity tied to debottlenecking at Moraiya. Installed capacity stood at 75,000 MVA across three plants, with standalone revenue of Rs 2,395 crore in fiscal 2026 and second-quarter revenue of Rs 709 crore at a 16.1% EBITDA margin. Debt was about Rs 575 crore with working capital at 154 days, against a target of 110-120 days by the end of fiscal 2027.

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Transformers and Rectifiers (India) received a large order from Gujarat Energy Transmission Corporation for manufacturing and supply of 80 MVAR and 125 MVAR shunt reactors, 500 MVA auto transformers and related work. The domestic order was scheduled for delivery within 24 to 30 months and fell in the company's large category of Rs100 crore to Rs500 crore excluding GST, with no promoter interest and on normal-course terms. The award followed a large Damodar Valley Corporation order for 500 MVA and 200 MVA auto transformers and an undisclosed-value generator-transformer order via Megha Engineering for Nuclear Power Corporation's Kaiga Units 5 and 6. The company reported gross revenue of about Rs1,850 crore in FY24 with exports at 13.10% of turnover, supplying utilities, railways, renewables and industrial customers across 28 states and 25 countries. It incorporated UK subsidiary Maxwell Grid Transformers in September 2026 and operated high-voltage testing capability including a 1200 kV facility.

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Transformers and Rectifiers (India) received an order from Damodar Valley Corporation for the manufacture and supply of 500MVA and 200MVA auto transformers. The company classified the award as a large order, indicating a value of Rs 100 crore to Rs 500 crore, with delivery scheduled within 15 to 28 months. The award followed a generator-transformer order for NPCIL's Kaiga Units 5 and 6 received via Megha Engineering in late August, whose value was not disclosed. The company reported gross revenue of about Rs 1,850 crore in FY24, with exports at 13.10% of turnover. It supplied high-voltage power and railway transformers to customers across all 28 Indian states and 25 countries.

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Oct 2 (Reuters) - Transformers and Rectifiers (India) Ltd TRNF.NS:

• GETS LARGE ORDER FROM DAMODAR VALLEY CORPORATION

• ORDER IN THE RANGE OF 1 BILLION RUPEES TO 5 BILLION RUPEES

Source text: ID:nBSE9tV9y9

Further company coverage: TRNF.NS

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** Shares of Transformers and Rectifiers (India) TRNF.NS rise as much as 7.69% to 326.95 rupees; last up 2.77% at 312 rupees

** Indian power transformer manufacturer secures order from Nuclear Power Corporation of India (NPCIL) in southern state of Karnataka

** Project part of India's 700 MWe pressurised heavy water reactors programme

** ICICI Direct Research says order win strengthens TRNF’s multi-year revenue visibility and order inflow momentum, while entry into nuclear power expands its addressable market into a high value, specialised segment

** Brokerage says nuclear opportunity provides an additional growth avenue for co’s high-voltage transformer capabilities

** Stock up 9.40% YTD

(Reporting by Anushka Rajvedi in Bengaluru)

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Transformers and Rectifiers (India) secured its first order in the nuclear-power sector from Megha Engineering and Infrastructures Ltd for generator transformers for NPCIL’s Kaiga Units 5 and 6 in Karnataka. The project covered two indigenous 700 MWe pressurised heavy-water reactors and had a combined planned capacity of 1,400 MW. TARIL had a pan-India transformer business serving utilities, railways, renewables, transmission and distribution, data centres and industrial customers. It reported about ₹1,850 crore of gross revenue in FY24, with exports accounting for 13.1% of turnover.

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Transformers & Rectifiers (India) received a purchase order from Megha Engineering and Infrastructures Ltd (MEIL) to manufacture transformers and undertake related work. The company classified the contract as a large order worth ₹100 crore to ₹500 crore, excluding GST, with deliveries scheduled over the next 35 months.

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Transformers and Rectifiers (India) approved the incorporation of a UK subsidiary, Maxwell Grid Transformers (UK) Private Limited, with 51% control and a planned investment of £10 million across equity, debt, guarantees or other permitted instruments. The subsidiary will manufacture and repair transformers, distribute TARIL products and trade in transformer components; the board also approved reallocating unutilised proceeds from the June 2024 QIP, subject to shareholder approval by postal ballot.

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Aug 27 (Reuters) - Transformers and Rectifiers (India) Ltd TRNF.NS:

• TRANSFORMERS AND RECTIFIERS (INDIA) - APPROVES INCORPORATION OF SUBSIDIARY IN UNITED KINGDOM

Source text: ID:nBSE1zkwz7

Further company coverage: TRNF.NS

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Transformers & Rectifiers received a letter of intent from Transmission Corporation of Andhra Pradesh for the manufacture of transformers and related work. The company classified the award as a Large Order, valued under its policy at ₹100 crore to ₹500 crore excluding GST, with delivery scheduled over the next 13 months. The company’s order book stood at ₹6,630 crore in June 2026, following ₹2,114 crore of order inflow in the first quarter of FY27. That quarter’s inflow included an ultra-mega order of more than ₹1,000 crore from Power Grid Corporation of India.

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BENGALURU, July 20 (Reuters) - Diary of India economic, corporate events on July 20

ECONOMIC, CORPORATE .BSE500 EVENTS:

NTS - 'No time scheduled'

(Compiled by Bengaluru Newsroom)

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Transformers & Rectifiers (India) has received notifications of award from Power Grid Corporation of India Limited for an 'Ultra Mega Order' to manufacture transformers and associated work. The company's internal classification defines Ultra Mega Orders as those valued at ₹1,000 crore and above, making this the largest disclosed contract in recent history. Deliveries are scheduled over the next 30 months. Power Grid is the central transmission utility of India and has no promoter or group company interest in the transformer manufacturer. The order falls within the ordinary course of business and does not constitute a related-party transaction.

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May 22 (Reuters) - Transformers and Rectifiers (India) Ltd TRNF.NS:

• TRANSFORMERS AND RECTIFIERS (INDIA) LTD - SECURES ORDER WORTH 2.28 BILLION RUPEES

Source text: ID:nBSE4DWb0L

Further company coverage: TRNF.NS

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May 19 (Reuters) - Transformers and Rectifiers (India) Ltd TRNF.NS:

• TRANSFORMERS AND RECTIFIERS (INDIA) LTD - SECURES ORDER WORTH 1.75 BILLION RUPEES

Source text: ID:nBSEbzJXM7

Further company coverage: TRNF.NS

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April 27 (Reuters) - Transformers and Rectifiers (India) Ltd TRNF.NS:

• TRANSFORMERS AND RECTIFIERS (INDIA) LTD - GETS ORDER VALUED USD 16.26 MILLION

Source text: ID:nNSE7FS68D

Further company coverage: TRNF.NS

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** Shares of Transformers and Rectifiers (India) TRNF.NS fall as much as 11.5% to 295 rupees, last down 9%

** Stock set for its worst day in more than three months, if losses hold

** Power equipment maker's Q4 profit falls 5.2% Y/Y; rev from ops rises ~16%

** Over 9.8 mln shares traded so far, 2.2x the 30-day avg

** Stock up 6.9% YTD

(Reporting by Brijesh Patel in Bengaluru)

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March 5 (Reuters) - Transformers and Rectifiers (India) Ltd TRNF.NS:

• NAMES MEHUL SHAH AS CFO

• CHANCHAL S S RAJORA RESIGNS AS CFO

Further company coverage: TRNF.NS

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** Shares of Transformers and Rectifiers (India) Ltd TRNF.NS rise as much as 5.4% to 316 rupees, highest since Jan 8
** Reuters reported Indian government has eased restrictions on procurement of critical power transmission equipment from China for government contracts
** This is the first significant easing of 5-year-old curbs that shut Chinese firms out of India's government contract market
** TRNF shares are up 27% in February so far, on course for its best showing in 11 months
** More than 11.8 mln shares traded as of 1:58 p.m. IST, 1.5x their 30-day moving avg
** TRNF last up 2.8%, adding to YTD gains of 5.1%

(Reporting by Meenakshi Maidas, Bharath Rajeswaran in Bengaluru)

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** Shares of Transformers and Rectifiers (India) rise 9.2% to 335.8 rupees, highest level since mid-Nov.

** Over 228,000 shares traded in a block deal at 335.45 rupees/shr, a 9% premium to yesterday's close, according to LSEG data

** More than 36.6 mln shares traded so far, over 4x the 30-day avg

** In 2025, stock fell nearly 50%

(Reporting by Aleef Jahan in Bengaluru)

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July 8 (Reuters) - Transformers and Rectifiers (India) Ltd TRNF.NS:

• TRANSFORMERS AND RECTIFIERS (INDIA) LTD - APPOINTS MUKUL SRIVASTAVA AS CEO EFFECTIVE JULY 8, 2025

Source text: ID:nBSE1ypQgt

Further company coverage: TRNF.NS

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June 20 (Reuters) - Transformers and Rectifiers (India) Ltd TRNF.NS:

• TRANSFORMERS AND RECTIFIERS (INDIA) LTD - SECURES EXPORT ORDER OF USD 16.6 MILLION

Source text: ID:nNSE30YCKH

Further company coverage: TRNF.NS

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** Shares of Transformers and Rectifiers (India) TRNF.NS up 5% to 518.7 rupees

** Power transformers maker reports more than doubled Q4 profit at 941.7 mln rupees ($10.88 mln)

** Revenue up 31.9% at 6.76 bln rupees

** Co beats Nuvama Institutional Equities' PAT estimates by 13%

** Order inquiries surged to 220 bln rupees vs 170 bln rupees at start of the year displaying robust ordering momentum - Nuvama

** More than 3.3 mln shares traded, 2.5x its 30-day moving avg

** TRNF trims YTD losses to about 9%

($1 = 86.5925 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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April 8 (Reuters) - Transformers and Rectifiers (India) Ltd TRNF.NS:

• TRANSFORMERS AND RECTIFIERS (INDIA) - RE-APPOINTS JITENDRA U. MAMTORA AS CHAIRMAN

Source text: ID:nNSE91pKCM

Further company coverage: TRNF.NS

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March 17 (Reuters) - Transformers and Rectifiers (India) Ltd TRNF.NS:

• SECURES 7.26 BILLION RUPEES ORDER

Source text: ID:nBSEb04j3w

Further company coverage: TRNF.NS

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** Shares of Transformers and Rectifiers (India) TRNF.NS rise 5%, the upper limit of exchange-allowed trading band, to 385.80 rupees

** Co wins order worth 1.66 bln rupees ($19.1 mln) for manufacturing of single phase transformers

** More than 359,000 shares traded as of 9:57 a.m. IST, over half of the stock's 30-day avg

** Stock trims YTD losses to 35.5%

($1 = 86.9080 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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Feb 18 (Reuters) - Transformers and Rectifiers (India) Ltd TRNF.NS:

• SECURES ORDERS WORTH 1.66 BILLION RUPEES

Source text: ID:nBSEbmXKKD

Further company coverage: TRNF.NS

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Jan 28 (Reuters) - Transformers and Rectifiers (India) Ltd TRNF.NS:

• GOT ORDERS WORTH 3.62 BILLION RUPEES

Source text: ID:nBSE3nXPVn

Further company coverage: TRNF.NS

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Jan 8 (Reuters) - Transformers and Rectifiers (India) Ltd TRNF.NS:

• TRANSFORMERS AND RECTIFIERS (INDIA)- APPROVES 1:1 BONUS EQUITY SHARES ISSUE

• TRANSFORMERS AND RECTIFIERS (INDIA) - APPROVES QIP ISSUE UP TO 7.50 BILLION RUPEES

Source text: ID:nBSE6lZqYs

Further company coverage: TRNF.NS

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Dec 4 (Reuters) - Transformers and Rectifiers (India) Ltd TRNF.NS:

• TRANSFORMERS AND RECTIFIERS - TO TRANSFER CONTROLLING STAKE IN POSCO POGGENAMP ELECTRICAL STEEL

• TRANSFORMERS AND RECTIFIERS - TO ACQUIRE CONTROLLING STAKE IN POSCO POGGENAMP

Further company coverage: TRNF.NS

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Oct 8 (Reuters) - Transformers and Rectifiers (India) Ltd TRNF.NS:

• TRANSFORMERS AND RECTIFIERS (INDIA) SEPT-QUARTER CONSOL NET PROFIT 452.5 MILLION RUPEES

• TRANSFORMERS AND RECTIFIERS (INDIA) SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.62 BILLION RUPEES

Source text for Eikon: ID:nBSEbtQv0W

Further company coverage: TRNF.NS

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