Ahmedabad, India – Transformers and Rectifiers (India) Limited (TARIL), a leading manufacturer of power transformers, has announced the receipt of significant orders totaling ₹362 Crore from various domestic entities. These orders underscore TARIL’s strong position in the transformer manufacturing industry and its commitment to supporting India’s power infrastructure.
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ToggleKey Highlights of the Orders:
Awarding Entities: The orders have been secured from prominent domestic organizations, including:
Power Grid Corporation of India Limited
Megha Engineering & Infrastructures Limited
KEC International Limited
Avaada Electro Private Limited
Adani Energy Solution Limited
Torrent Power Limited
Rajasthan Rajya Vidyut Prasaran Nigam Limited
Nature of Orders: The contracts involve the supply of Extra High Voltage (EHV) Power Transformers and related services. TARIL will handle the manufacturing of these transformers at its facilities.
Delivery Timeline: The company expects to complete the delivery of all transformers by the next financial year.
Domestic Focus: All orders have been awarded by Indian entities, reinforcing TARIL’s strong presence in the domestic market.
Transparency and Commitment:
TARIL has emphasized that the promoter, promoter group, or group companies have no interest in the entities awarding the orders. The company has also clarified that these orders do not fall under the category of related party transactions, ensuring transparency and adherence to corporate governance standards.
In a statement, TARIL reiterated its commitment to delivering high-quality products and services, further solidifying its reputation as a trusted leader in the transformer manufacturing sector.
About TARIL:
Transformers and Rectifiers (India) Limited is recognized as one of the top global manufacturers of transformers and holds the distinction of being the second-largest transformer manufacturing company in India by capacity. The company specializes in producing a wide range of transformers, including power, distribution, furnace, and specialty transformers.
With three state-of-the-art manufacturing plants located near Ahmedabad, Gujarat, TARIL employs approximately 1,200 people and is known for its innovation and expertise in the field.
Industry Impact:
The latest orders highlight TARIL’s pivotal role in India’s power sector and its ability to meet the growing demand for high-quality transformers. As the country continues to expand its power infrastructure, TARIL’s contributions are expected to play a crucial role in ensuring reliable and efficient energy transmission.
This achievement reflects TARIL’s technical prowess and reinforces its position as a key player in the global transformer manufacturing industry.