Transformers & Rectifiers stock hits 5% upper circuit on ₹161 crore order win
₹620 apiece following a significant order win.In an exchange filing on Thursday, the company announced that it received an export order from AL Anwaar International for a "T&R" MAKE 90 MVA, 132/33 KV Transformer with fittings and accessories, worth ₹161 crore.In February, the company secured an order worth ₹232 crore from the Power Grid Corporation of India. Over recent months, TRIL has received multiple orders, bringing its unexecuted order book to 44,594 MVA valued at ₹2,581 crore as of March 31, according to the company's Q4 earnings report.
Also Read: Multibaggers: 3 shipbuilding stocks including Cochin Shipyard gained between 200% and 725% in a yearThe transformer industry is currently experiencing a surge in orders, with a particularly optimistic demand outlook in sectors such as railways, renewables, green energy, and power. The Central Electricity Authority (CEA) estimates a total investment of ₹7.42 lakh crore from 2022 to 2030 for upgrading distribution infrastructure.Beyond the CEA's distribution plan, various other factors are anticipated to significantly contribute to the transformer sector's demand until 2030.
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