Transformers and Rectifiers (India) Ltd has been making headlines after securing a substantial order worth ₹565 crore from the Power Grid Corporation of India. This news pushed the company's stock up by 5%, trading at ₹683.35 on the National Stock Exchange (NSE) by 10.14 am on 3rd October.
The order win has amplified investor confidence, especially since the stock has already delivered close to 200% returns over the past year, solidifying its multibagger status.
Power Grid Corporation order boosts confidence
The ₹565 crore contract is set for the manufacturing and supply of transformers and reactors, with deliveries scheduled for completion by the financial year 2026. This major contract win is expected to strengthen the company's growth trajectory, keeping Transformers and Rectifiers (India) at the forefront of the power equipment industry.
For investors looking to buy shares online, this stock continues to show promising performance. Its growing order book, coupled with strong financial backing, makes it a compelling choice for those seeking high-return investments.
Recent ₹114 crore order win from Rajasthan Rajya Vidyut
This isn’t the first major win for Transformers and Rectifiers in recent months. In September, the company secured an order worth ₹114 crore from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL) for the supply of 50 MVA, 132/33 KV power transformers. The delivery of this project is set for the next financial year
This continued success in bagging significant contracts reaffirms the company’s strong position in the Indian market. As the demand for efficient power infrastructure grows, the company’s order pipeline could continue to expand, making it a stock to watch for those looking to buy shares online.
Qualified institutional placement boosts liquidity
Earlier this year, Transformers and Rectifiers raised ₹500 crore through a qualified institutional placement (QIP). This move attracted prominent institutional investors like Nomura, Goldman Sachs, and HSBC, showcasing the company’s robust market reputation.
The QIP proceeds are intended to fund capital expenditure, repay borrowings, and support the company’s working capital needs. Additionally, the funds will help pursue inorganic growth opportunities and support general corporate purposes, enhancing the company’s long-term growth potential.
Investors considering adding this stock to their portfolio can easily buy shares online, leveraging the company's strong financial backing and optimistic growth outlook.
Why investors should keep an eye on this stock?
Transformers and Rectifiers has been riding a wave of success over the past year, delivering a remarkable return of nearly 200%. With key orders in hand, backed by a solid financial base, the company is well-positioned for sustained growth. As the power infrastructure sector in India expands, so too could the opportunities for this company.
For those seeking high-growth stocks, the option to buy shares online makes investing in Transformers and Rectifiers more accessible than ever. The combination of consistent contract wins, strong financials, and institutional backing presents a strong case for this stock as a long-term investment.
Conclusion
The ₹565 crore order from Power Grid Corporation, alongside previous wins and a successful QIP, highlights the ongoing growth potential of Transformers and Rectifiers. As the company continues to secure high-value contracts and build its financial stability, it remains a promising choice for investors. With the ability to buy shares online, retail and institutional investors alike can easily tap into the upward momentum of this multibagger stock.
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