Transformer Stock in Focus After Company Plans Rs1,250 Crore Capex in Gujarat; Sees Rs2,000 Cr Revenue Potential
India, Oct. 27 -- The shares of the Small-cap company, which specializes in designing, engineering, and manufacturing a wide range of electrical transformers and reactors, are in the spotlight as they plan Rs. 1,250 Crore Expansion in Gujarat to Strengthen India's Power Infrastructure Ecosystem.
With a market capitalization of Rs. 9,545.27 crore in the day's trade, the shares of Transformers and Rectifiers (India) Ltd rose by 7.2 percent, reaching a high of Rs. 321.50 per share compared to its previous closing price of Rs. 299.65 per share.
What Happened
Transformers and Rectifiers (India) Limited (TARIL) has announced an investment of Rs. 1,250 crore to establish three greenfield manufacturing plants at its Chiyada manufacturing comp...
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