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The contract is for manufacturing of transformers and the order shall be executed in accordance with the terms and conditions stipulated in LOI, the company stated.
The contract is scheduled of delivery within next 13 months.
As per the company's internal classification, the value of this order lies between Rs 100 crore and Rs 500 crore.
Transformers and Rectifiers (India) is a leading manufacturer of transformers and reactors. It caters to power generation, transmission, distribution, and industrial sectors on a B2B model.
The company’s consolidated net profit declined 8.66% to Rs 61.52 crore despite a 8.13% increase in revenue from operations to Rs 572.34 crore in Q1 FY27 over Q1 FY26.
The contract has been awarded by a domestic entity and is scheduled to be executed over the next 30 months, in accordance with the terms and conditions specified in the NOAs.
The company said it remains committed to delivering high-quality products and services and has established itself as one of the country's leading transformer manufacturers over time. The company further clarified that neither its promoter nor promoter group has any interest in PGCIL, and the contract does not constitute a related-party transaction.
Transformers and Rectifiers (India) is a leading manufacturer of transformers and reactors. It caters to power generation, transmission, distribution, and industrial sectors on a B2B model. The company’s consolidated net profit declined 5.2% to Rs 89.28 crore despite a 15.7% increase in revenue from operations to Rs 782.67 crore in Q4 FY26 over Q4 FY25.
Berger Paints India Ltd, New India Assurance Company Ltd, Piramal Finance Ltd, Leela Palaces Hotels & Resorts Ltd are among the other stocks to see a surge in volumes on NSE today, 19 June 2026.
Transformers & Rectifiers India Ltd registered volume of 358.29 lakh shares by 14:14 IST on NSE, a 18 fold spurt over two-week average daily volume of 19.90 lakh shares. The stock rose 10.57% to Rs.359.20. Volumes stood at 19.64 lakh shares in the last session.
Berger Paints India Ltd clocked volume of 52.96 lakh shares by 14:14 IST on NSE, a 14.28 times surge over two-week average daily volume of 3.71 lakh shares. The stock gained 7.97% to Rs.545.30. Volumes stood at 2.6 lakh shares in the last session.
New India Assurance Company Ltd clocked volume of 921.99 lakh shares by 14:14 IST on NSE, a 8.89 times surge over two-week average daily volume of 103.68 lakh shares. The stock gained 14.12% to Rs.203.90. Volumes stood at 861 lakh shares in the last session.
Piramal Finance Ltd witnessed volume of 16.98 lakh shares by 14:14 IST on NSE, a 6.75 times surge over two-week average daily volume of 2.52 lakh shares. The stock increased 7.15% to Rs.2,141.30. Volumes stood at 2.36 lakh shares in the last session.
Leela Palaces Hotels & Resorts Ltd registered volume of 29.18 lakh shares by 14:14 IST on NSE, a 5.44 fold spurt over two-week average daily volume of 5.36 lakh shares. The stock rose 8.39% to Rs.496.00. Volumes stood at 2.25 lakh shares in the last session.