Deals30 Aug 2024, 07:43 pm
TRANSFORMERS AND RECTIFIERS (INDIA) LTD. Secures Orders Totalling Rs. 252 Crores
AI Summary
TRANSFORMERS AND RECTIFIERS (INDIA) LTD. (TARIL) has announced that it has secured orders from three domestic entities, namely SPIL, KEPIPL, and JSPL. The total value of these orders is Rs. 252 Crores. The orders are for the manufacturing of Transformers and Reactors, with varying contract values and delivery times. TARIL has clarified that these orders do not fall under related party transactions and none of the promoters or group companies have any interest in the entities that awarded the orders.
Key Highlights
- TARIL secures orders worth Rs. 252 Crores from three domestic entities.
- The orders are for the manufacturing of Transformers and Reactors.
- The orders do not fall under related party transactions.
- No promoters or group companies have any interest in the entities that awarded the orders.
- The delivery of the Transformers and Reactors is expected by the next financial year.