Transformers and Rectifiers (India) Limited (TARIL) has announced securing domestic and export orders totaling $42 million (₹350 crore). The company disclosed this in a regulatory filing with the BSE and National Stock Exchange.

The domestic order, worth $32.6 million (₹272 crore, inclusive of GST), was awarded by the Adani Group for the supply of transformers and reactors. Export orders, valued at $9.4 million (₹78 crore), were secured from Al Sabha Group in Iraq and Powerlink Queensland in Australia.

TARIL confirmed that all orders will be executed by the next financial year and do not involve any related party transactions. The company stated that its promoters and group companies have no interests in the awarding entities.

At 10:16 AM on the NSE, TARIL shares were trading at $4.50 (₹374.30), down 2.92%. The company, India’s second-largest transformer manufacturer by capacity, operates three plants near Ahmedabad, Gujarat, and employs around 1,200 skilled workers.

Source: thehindubusinessline.com