Transformers and Rectifiers gains on order from Power Grid
The stock moved higher by 8% to Rs 345 on the BSE.
Transformers and Rectifiers (India) has moved higher by 8% to Rs 345 on the BSE after the company said that it has received an order worth Rs 103 crore from Power Grid Corporation of India.
“The order is for 29 numbers of power transformers up to 220 kV class amounting of Rs 103 crore from Power Grid Corporation of India,” Transformers and Rectifiers (India) said in a statement.
With this order book, the company’s order book as on date stands around Rs 960 crore, it added.
At 12:43 pm, the stock was up 6% at Rs 337 on the BSE, as compared to 0.09% decline in the S&P BSE Sensex. A combined 50,191 shares changed hands on the BSE and NSE so far.
“The order is for 29 numbers of power transformers up to 220 kV class amounting of Rs 103 crore from Power Grid Corporation of India,” Transformers and Rectifiers (India) said in a statement.
With this order book, the company’s order book as on date stands around Rs 960 crore, it added.
At 12:43 pm, the stock was up 6% at Rs 337 on the BSE, as compared to 0.09% decline in the S&P BSE Sensex. A combined 50,191 shares changed hands on the BSE and NSE so far.
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First Published: Sep 15 2016 | 12:49 PM IST