Transformers and Rectifiers (India) shares jumped as much as 5% to ₹297.6 following the announcement of a significant contract win. According to latest reports, the company has received a letter of intent (LOI) for a large order from Transmission Corporation of Andhra Pradesh Limited (APTRANSCO). The contract involves manufacturing of transformers and is scheduled for delivery within the next 13 months.
As reported by CNBC TV18, the contract value falls within the company's internal classification of ₹100-500 crore. This substantial order represents a significant addition to the company's order book and provides revenue visibility for the upcoming financial year. The stock's positive response reflects investor confidence in the company's ability to execute this large-scale manufacturing contract. As of August 14, 2026, the stock was trading at ₹297.55 per share, reflecting a surge of 1.90% from the previous trading session.
According to CNBC TV18, this latest APTRANSCO order comes shortly after the company secured an ultra-mega order from Power Grid Corporation of India on June 30. The Power Grid order, classified under the company's ultra-mega category (contracts worth more than ₹1,000 crore excluding GST), involves manufacturing and supply of transformers of various capacities with a 30-month completion timeline. The APTRANSCO order, being a domestic entity project, will be executed in accordance with the terms and conditions specified in the LOI.
As of June 30, 2026, Transformers & Rectifiers' new order inflow stood at ₹2,114 crore, rising 218% year-on-year. According to the company's regulatory filing, the APTRANSCO order falls under the normal course of business and not within related party transactions. This substantial order book growth demonstrates the company's strong market position and execution capabilities in the transformer manufacturing sector.
According to CNBC TV18, Transformers and Rectifiers (India) is a leading manufacturer of transformers and reactors that operates on a B2B model. The company serves power generation, transmission, distribution, and industrial sectors. In Q1 FY27, the company's consolidated net profit declined 8.66% to ₹61.52 crore despite a 8.13% increase in revenue from operations to ₹572.34 crore compared to Q1 FY26. The stock has shown mixed performance, falling 3% from the beginning of the year and declining 12% over the past month, while surging 10% over six months.
