Order Win

Transformers and Rectifiers (India) Secures ₹175 Crore Domestic Order for Transformers & Reactors

NSE

taril

BSE

532928

Transformers and Rectifiers (India) Limited (TARIL) has secured a domestic order worth ₹175 crore from Bhanwariya Infra Projects Private Limited for manufacturing and supply of transformers and reactors related to Rajasthan power infrastructure projects. Deliveries are scheduled by March 2028.

PRICE-SENSITIVE TRIGGER

Event: Receipt of domestic transformer and reactor manufacturing order

Type: Order Win

Impact: Positive

Immediate Effect: The order strengthens TARIL’s order book visibility and reinforces its position in India’s power transmission equipment manufacturing segment.

Key Metrics:

Order Value: ₹175 Crore
Customer: Bhanwariya Infra Projects Private Limited
Delivery Timeline: On or before March 2028
Order Scope: 4 transformers and 5 reactors

Highlight Metric:

TARIL secured a ₹175 crore domestic order linked to key Rajasthan transmission infrastructure projects.

What Happened ?

Transformers and Rectifiers (India) Limited informed exchanges that it has received a domestic order worth ₹175 crore.

The order has been awarded by Bhanwariya Infra Projects Private Limited for projects involving 400/220 KV GSS Kumher, Bharatpur, RRVPNL and 400/220 KV GSS Amber, Jaipur, RRVPNL.

The scope of work includes manufacturing and supply of transformers and reactors along with related works. The company stated that deliveries are scheduled to be completed on or before March 2028.

Key Details

Order Scope:

Order includes supply of 4 transformers and 5 reactors.
Related manufacturing and execution work also forms part of the contract.
Project linked to Rajasthan transmission infrastructure development.

Customer & Project Information:

Awarding entity is Bhanwariya Infra Projects Private Limited.
Projects relate to RRVPNL substations at Kumher (Bharatpur) and Amber (Jaipur).
Order categorized as a domestic order.

Execution Timeline:

Deliveries scheduled on or before March 2028.
Order expected to contribute to medium-term revenue visibility for the company.

Note:

The company clarified that the order is received in the normal course of business and does not qualify as a related-party transaction.

Risk Analysis

Key Risks:

Delays in manufacturing or project execution timelines.
Cost fluctuations in steel, copper, and electrical components.
Dependence on infrastructure project progress and utility approvals.
Margin pressure due to execution or procurement challenges.

Worst Case Scenario:

Any major execution delay or cost escalation could impact profitability and revenue recognition timelines associated with the order.

Risk Level: Medium

Company Commentary

TARIL stated that it has secured an order worth ₹175 crore for transformers and reactors.
The company highlighted its continued focus on delivering high-quality transformer products and services.
Management stated that TARIL has established itself as a leading transformer manufacturer in India over time.

Official Exchange Filing: Transformers and Rectifiers (India) Limited