GE Stock – Transformers and Rectifiers receives order of Rs84cr from GE T&D India; Stock hits record high
Transformers and Rectifiers (India) Limited has been awarded third-party export order of Transformers amounting to Rs84cr from GE T&D India Limited. With this order, the company’s order book as on date stands around Rs1121cr.
“The said orders fall under the normal course of business. The company neither has any interest in these entities that awarded the orders nor fall within related party transactions,” company said in a filing on Wednesday.
It further said, the company continuously thrives to deliver quality products and services and over a period of time has become a leading manufacturer of transformers in the Country.
Transformers & Rectifiers India Ltd ended at Rs29.60 per piece up by Rs2.85 or 10.65% from its previous closing of Rs26.75 per piece on the BSE. It hit a record high of Rs31 per piece on Wednesday.