Shares of Transformers & Rectifiers (India) Ltd rose 5% to hit the higher circuit at Rs 385.80 on nineteenth February after the corporate secured orders price Rs 166.45 crore.
Hyosung T&D India awarded a contract for supplying single-phase coupling transformers and single-phase models for TBCB tasks, to be delivered by the following monetary yr.
On seventeenth February, the corporate’s subsidiary, TARIL Switchgear, launched 245 kV Excessive Voltage Bushings.
The corporate reported a 250% bounce in consolidated web revenue, reaching Rs 55.48 crore within the September-December quarter.
Income from operations rose 51% year-over-year to Rs 559.4 crore throughout the identical interval.
The corporate introduced a 1:1 bonus concern of shares, rewarding present shareholders with further inventory. It additionally plans a Certified Institutional Placement (QIP) to boost as much as Rs 750 crore for future development.
At 11:48 AM, the shares of Transformers & Rectifiers hit the 5% higher circuit restrict at Rs 385.80 on NSE.
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