Rs 2,926 crore order book: Transformers & rectifiers company receives amendment of export order of value of USD 14 million from Linxon Global Sweden
The stock gave multibagger returns of 485 per cent in just 1 year, 2,440 per cent in 3 years and a whopping 9,040 per cent in 5 years.
Export Order Amendment: Linxon Global Sweden has requested an amendment to an existing export order with Transformers and Rectifiers (India) Limited (TRIL). The original order, valued at US$14 million, involved the supply of 18 Nos. of 20 MVA Trackside Traction Transformers and 55 Nos. of 7.5 MVA Track Side Auto Transformers. The amendment is necessary due to Linxon Global Sweden's internal policy, which requires written authorization before any public announcement regarding the order. This conditional LOA has necessitated the amendment to proceed with the export order.
Additionally, another order valued at USD 2.80 million, was awarded by Arcelor Mittal Mexico. This order entails the delivery of a 175 MVA, 66 KV Electrical Arc Furnace Transformer. The completion deadline for this project is December 2024.
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Transformers & Rectifiers India Limited manufactures a wide range of transformers. The company's products include power generation, transmission, and distribution transformers. The company has a market cap of over Rs 10,000 crore and has delivered good profit growth of 57.2 per cent CAGR over the last 5 years. As of July 2024, Madhuri Madhusudan Kela, wife of Madhusudan Kela, owns a 2.09 per cent stake in the company. As of June 30, 2024, the company has an order book of Rs 2,926 crore
On Thursday, shares of Transformers & Rectifiers India Limited plunged 1.90 per cent to Rs 713 per share with an intraday high of Rs 739.95 and an intraday low of Rs 702. The stock gave multibagger returns of 485 per cent in just 1 year, 2,440 per cent in 3 years and a whopping 9,040 per cent in 5 years. Investors should keep an eye on this small-cap stock under their watchlist.
Disclaimer: The article is for informational purposes only and not investment advice.
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