TARIL secures orders worth $40 M
Transformers and Rectifiers (India) Limited (TARIL) has secured domestic and export orders totalling ₹350 crore ($40 million).
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India, Ahmedabad: Transformers and Rectifiers (India) Limited (TARIL) has secured domestic and export orders totalling $40M (₹350 crore ).
The domestic order was valued at $31.1 million (₹272 crore; inclusive of GST). The order awarded by Adani Group for the supply of transformers and reactors. The export orders were worth ₹78 crore ($8.9 million). They were received from Al Sabha Group in Iraq and Powerlink Queensland in Australia for the supply of transformers.
All orders are set to be executed by the next financial year and do not involve any related party transactions.
According to the filing, TARIL has established itself as one of India’s leading transformer manufacturers. The company operates three plants located near Ahmedabad, Gujarat and employs around 1,200 skilled workers. It specialises in producing power, distribution, furnace, and specialty transformers.
Source: The Hindu Business Line
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