Mumbai, Aug. 14 -- 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.

Published by HT Digital Con...