Transformers and Rectifiers hits 5% UC

Transformers and Rectifiers (India) announced today morning that it has received a Rs.166 crore order for the supply and manufacturing of single phase coupling transformers and single phase for TBCB projects.

This order is from Hyosung T&D India and the delivery is scheduled for the launched the 245 kV high voltage bushings at its facility in Changodar, Ahmedabad.

The market is happy with both these developments; from its close of Rs.367.55, the stock opened lower at Rs.365 and within seconds hit the 5% UC of the day at Rs.385.90.