Deals28 Aug 2024, 09:41 pm
Transformers and Rectifiers (India) Ltd. Amends Export Order of US$ 14 Million from Linxon Global Sweden
AI Summary
Transformers and Rectifiers (India) Ltd. has amended an export order of US$ 14 Million from Linxon Global Sweden. The original order was for 18 Nos. of 20 MVA Trackside Traction Transformers and 55 Nos. of 7.5 MVA, Track Side Auto Transformers, with an execution date set for 22nd August, 2024. This amendment was necessitated due to the conditional nature of the original Letter of Authorisation (LOA) from Linxon Global Sweden, which required written authorisation before any announcement concerning the order could be made.
Key Highlights
- Transformers and Rectifiers (India) Ltd. amends US$ 14 Million export order from Linxon Global Sweden.
- The original order was for 18 Nos. of 20 MVA Trackside Traction Transformers and 55 Nos. of 7.5 MVA, Track Side Auto Transformers.
- The amendment was due to the conditional nature of the original LOA from Linxon Global Sweden.
- Written authorisation was required before any announcement concerning the order could be made.
- The execution date for the order is 22nd August, 2024.