New Delhi, Oct. 1 -- Shares of Transformers & Rectifiers (India) Ltd. (TARIL) jumped more than 10% on Thursday, October 1, after the Union Cabinet approved the Rs.1.86 lakh crore PM-DHARA Scheme a day earlier. The government's large-scale investment in power transmission infrastructure has brought transformer manufacturers into focus, as the planned expansion of electricity networks could create additional demand for power transformers.

The PM-DHARA scheme, or PM-Developing Harmonized and Accelerated Renewable-energy Access, is aimed at strengthening intra-state transmission infrastructure and deploying 50 GWh of battery storage to facilitate the evacuation of up to 135 GW of renewable energy. The initiative assumes importance as India w...