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ower equipment manufacturer, TransformeRs & RectifieRs (I) Limited has bagged an order worth Rs 126 crore from Gujarat, according to an exchange announcement.
“…the Company has been awarded the order for supply of various voltage class transformeRs ranging from 132KV class to 400 KV class transformeRs aggregating to 3,935 MVA and amounting to Rs 126 Crores from Gujarat Energy Transmission Corporation Limited (GETCO),” it said.
The company’s order book now stands at Rs 733 crore, it added.
The stock was up 4.35%, trading at Rs 63.6 at the time of writing. In comparison, the Sensex was up 0.48%.
The company had mentioned in its last annual report that that the outlook for this year and the next remained hazy.
“Given the highly uncertain times, it would be difficult to provide a firm peRs pective about the sector’s future performance. In the near term (FY 2013-14), the prospects continue to be bleak. Even in the next fiscal (FY 2014-15), the uncertainties are high, this being an election year. Things are expected to look up from FY 2015-16 only if we get a strong and stable government at the centre,” it said.
The company had a net profit of Rs 4.74 crore on a revenue of Rs 509.68 crore, with an net profit margin of 0.93%. It reported a loss of Rs 8.93 crore in the June quarter.
