Transformers and Rectifiers India Ltd receives order of Rs. 53.33 crores

Transformers and Rectifiers (India) Limited has secured Order of Rs. 53.33 Cr/- from Power Grid Corporation of India Limited for repair, erection, testing, and commissioning of the 397 MVA HVDC Converter Transformer and related works.

It is an HVDC Converter Transformer order, and TARIL is the first Indian Origin Private Sector Company to receive such an order. With this order TARIL will enter in to "unique club of HVDC transformer manufacturers of world". This opens major opportunities for the company in the HVDC segment.

This will also strengthen the government of India's "Make in India" vision as well as domestic Consumers will have an Indigenous manufacturer of HVDC Transformers.

India's HVDC transformer market is growing rapidly due to renewable integration, grid upgrades, and long-distance power transfer needs.

Key Market Drivers and Opportunities

- Renewable Energy Integration: India's renewable targets (incl. 30 GW offshore wind by 2030) require efficient long-distance transmission; HVDC enables low-loss bulk power transfer.

- Grid Modernization and Stability: Projects like the Green Energy Corridor and Smart Grid Mission boost demand for HVDC to improve stability and link unsynchronized AC networks.

- Transmission Network Expansion: India plans to significantly expand its transmission lines and capacity in the coming years. This includes adding approximately 15,432 km of transmission lines and 32,250 MW of transfer capacity through new HVDC schemes during the FY28 to FY32 period.

- Cross-Border Transmission: Growing opportunities in regional links, including Bangladesh and proposed Sri Lanka interconnections to facilitate regional energy exchange.

- Technological Advancements: There is a growing demand for advanced technologies, such as Voltage Source Converter (VSC) technology, which offers benefits like the ability to use underground cables and provide flexible power control.

Shares of Transformers And Rectifiers (India) Limited was last trading in BSE at Rs. 236.75 as compared to the previous close of Rs. 244.40. The total number of shares traded during the day was 482870 in over 7619 trades.

The stock hit an intraday high of Rs. 249.65 and intraday low of 235.75. The net turnover during the day was Rs. 116592891.00.

Source : Equity Bulls

Keywords

TransformersAndRectifiersIndia INE763I01026 TRIL HeavyElectricalEquipment OrderWin