Transformers and Rectifiers Shares Surge 8% Following ₹726 Crore GETCO Order; 227% Return in One Year. Company to Benefit from Energy Transmission Sector Growth.
Transformers and Rectifiers Share Price: Shares of Transformers and Rectifiers Limited (TRL) saw an 8% increase on the BSE on Monday. This surge followed a significant ₹726 crore order from Gujarat Energy Transmission Corporation Limited (GETCO). The order involves the supply of autotransformers and bus reactors.
In its regulatory filing, the company stated that the project will be completed within 18 months from the date of the Letter of Intent (LOI). Transformers and Rectifiers clarified that this order is part of its regular business operations and is not a related party transaction.
Share Performance Report
Over the past month, Transformers and Rectifiers shares have risen by 10.10%. However, the shares experienced a 190% decline over the past three months. Conversely, the shares have increased by 75% over the past six months. In the last year, the company's shares have delivered a 227% return, while over the past two years, they have increased by 363%.
Company to Benefit
This deal presents the company with a b opportunity to solidify its position in the energy transmission infrastructure sector, potentially leading to further significant growth in the future.
