600 per cent returns in a year: This multibagger electric equipment stock bags new order worth Rs 359 crore from Adani Group and Larsen & Toubro!
Shares of the company have gained about 200 per cent in the last six months.
Transformers and Rectifiers (India) Limited (TRIL) has secured a significant order win of Rs. 359 crores. This comprises an export order for transformers valued at Rs. 161 crores from AL Anwaar International and domestic orders totaling Rs. 198 crores from Adani Group and Larsen & Toubro (L&T) Group.
The export order involves manufacturing and supplying a 90 MVA, 132/33 KV transformer with fittings and accessories for completion by February 2025. The domestic orders focus on power transmission within India. Adani Group has placed an order worth Rs. 179 crores for designing, manufacturing, and supplying transformers and reactors for a 400 kV project. L&T Group has awarded a Rs. 19 crore contract for a 250 MVA transformer project.
These wins demonstrate TRIL's capabilities in both domestic and international markets. The company emphasizes that all these contracts are unrelated to its promoters or group companies and are conducted at arm's length. This order inflow strengthens TRIL's position in the transformer manufacturing sector and boosts its future revenue generation. The stock has delivered over 600 per cent returns in one year.
Transformers & Rectifiers (India) Limited has consolidated its position in the Indian Transformer Industry as a manufacturer of a wide range of transformers, which conform to the quality expectations of both the domestic and the international market. The capability to develop world-class power, distribution, furnace, and specialty transformers is credited to the creation of a world-class infrastructure at three plants around the city of Ahmedabad, one of the leading industrialized cities of India.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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