Transformers & Rectifiers India has decided to make a strategic investment in Posco Poggenamp Electrical Steel by acquiring a controlling stake. To facilitate this, the Company has signed a Term Sheet on 12 November 2024.This strategic acquisition is designed to optimize supply chain management, improve operational efficiency, and expand TARIL`s market presence, particularly in the growing energy and infrastructure sectors. It also reflects the company`s ongoing commitment to supporting India`s clean energy initiatives. This acquisition is a major milestone for TARIL towards the 100% backward integrated company in time to come.Posco Poggenamp Electrical Steel is engaged in manufacturing & processing of CRGO Lamination as well as Built up Cores for the power and distribution transformer and reactors sectors.Powered by Capital Market - Live News

Net profit of Transformers & Rectifiers India rose 2710.56% to Rs 45.25 crore in the quarter ended September 2024 as against Rs 1.61 crore during the previous quarter ended September 2023. Sales rose 79.55% to Rs 461.54 crore in the quarter ended September 2024 as against Rs 257.06 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales461.54257.06 80 OPM %14.997.66 - PBDT70.499.22 665 PBT64.083.01 2029 NP45.251.61 2711 Powered by Capital Market - Live News

Transformers & Rectifiers India has secured order of Rs 565 crore from Power Grid Corporation of India for manufacture of transformer and reactors with range of 80 MVAr to 500 MVA and 420kV to 765 kV Class. Powered by Capital Market - Live News

Transformers & Rectifiers India will hold a meeting of the Board of Directors of the Company on 8 October 2024.Powered by Capital Market - Live News

Transformers & Rectifiers India has secured an order of Rs 114 crore from Rajasthan Rajya Vidyut Prasaran Nigam (RRVPNL) for supply of transformers. Powered by Capital Market - Live News