Transformers and Rectifiers (India) saw its stock price surge to Rs. 710.45, gaining 5% or 33.80 points, compared to its previous close at Rs. 676.65 on the BSE. The stock opened at Rs. 663.00, reaching a high of Rs. 710.45, with 21,919 shares traded. The company has recently hit a 52-week high of Rs. 845.70 in June 2024 and a low of Rs. 111.50 in August 2023. Currently, its market cap stands at Rs. 10,662.64 crore, with promoter holdings at 66.16%.

Transformers and Rectifiers (India) has secured two significant export contracts worth $16.80 million. The first order, valued at $14 million, comes from Linxon Global Sweden, for the supply of 18 Trackside Traction Transformers and 55 Auto Transformers. This project is slated for completion by October 2025. The second order, from Arcelor Mittal Mexico, worth $2.80 million, involves a 175 MVA Electrical Arc Furnace Transformer, to be delivered by December 2024. The company continues to solidify its position as a leading transformer manufacturer in India.