Posco Poggenamp Electrical Steel manufactures of CRGO laminations for transformer & reactors up to 765 kV class / 500 MVA and capable to process up to 1200 kV class/1000 MVA rating. It's installed capacity of 24000 MT/ per annum. One of the largest and finest facility of India with all approvals in place. CRGO electrical steel is a critical raw material for any transformer and reactor, comprising about 33% to 35% of their raw material cost & is almost 50% of MVA in terms of capacity. Reliable performance of transformer or reactor hinges on stringent manufacturing standards and precise process control when processing CRGO steel of the desired specifications. By establishing a dedicated CRGO processing plant, TARIL ensures tighter control over the quality and consistency of electrical steel, the most important part of entire supply chain as well as more efficient management of this vital raw material for any product upto 1200kV and 500 MVA. This strategic acquisition is designed to optimize supply chain management, improve operational efficiency, and expand TARIL's market presence, particularly in the growing energy and infrastructure sectors. Additionally, TARIL has signed a long-term supply contract with the electrical steel mills to guarantee a steady supply of mother coils for long term, further securing the reliability of its supply chain. With this acquisition, TARIL will be fully integrated for CRGO Processing, enabling it to better meet both internal needs and external market demand. This acquisition is a major milestone for TARIL towards the 100% backward integrated company in time to come,' the company said in a statement. Transformers & Rectifiers (India) produces transformers for both domestic and international markets. The company's consolidated net profit surged to Rs 45.25 crore in Q2 FY25 as compared with Rs 1.61 crore posted in Q2 FY24. Revenue from operations jumped 79.55% to Rs 461.54 crore in Q2 FY25 as against Rs 257.06 crore posted in Q2 FY24. The scrip was locked in 5% lower circuit at Rs 887 on the BSE today. Powered by Capital Market - Live

Transformers & Rectifiers India has decided to make a strategic investment in Posco Poggenamp Electrical Steel by acquiring a controlling stake. To facilitate this, the Company has signed a Term Sheet on 12 November 2024. This strategic acquisition is designed to optimize supply chain management, improve operational efficiency, and expand TARIL's market presence, particularly in the growing energy and infrastructure sectors. It also reflects the company's ongoing commitment to supporting India's clean energy initiatives. This acquisition is a major milestone for TARIL towards the 100% backward integrated company in time to come. Posco Poggenamp Electrical Steel is engaged in manufacturing & processing of CRGO Lamination as well as Built up Cores for the power and distribution transformer and reactors sectors.Powered by Capital Market - Live

Revenue from operations jumped 79.55% to Rs 461.54 crore in Q2 FY25 as against Rs 257.06 crore posted in Q2 FY24. The company's profit before tax soared to Rs 64.09 crore in Q2 FY25 as compared to Rs 3.01 crore posted in Q2 FY24. EBITDA soared 290.41% to Rs 80.97 crore in Q2 FY25 as compared to Rs 20.74 crore recorded in Q2 FY24. EBITDA margin improved to 17.11% in Q2 FY25 as against 8.04% reported in the quarter ended 30 September 2023. During the quarter, the company secured new orders worth Rs 1,031 crore, while the unexecuted order book currently stands at Rs 3,500 crore. On half year basis the company reported consolidated net profit of Rs 65.34 crore in H1 FY25 as against net loss of Rs 11 crore recorded in H1 FY24. The company's revenue surged 89.88% to Rs 783.54 crore in H1 FY25 as compared to Rs 412.63 crore recorded in H1 FY24. Transformers & Rectifiers (India) produces transformers for both domestic and international markets.Powered by Capital Market - Live

Net profit of Transformers & Rectifiers India rose 2710.56% to Rs 45.25 crore in the quarter ended September 2024 as against Rs 1.61 crore during the previous quarter ended September 2023. Sales rose 79.55% to Rs 461.54 crore in the quarter ended September 2024 as against Rs 257.06 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales461.54257.06 80 OPM %14.997.66 - PBDT70.499.22 665 PBT64.083.01 2029 NP45.251.61 2711 Powered by Capital Market - Live

Shares of Power Grid Corporation of India slipped 1.35% to Rs 346.10 on the BSE. The project involves the supply of transformers and reactors with a capacity range of 80 MVAr to 500 MVA and voltage classes of 420 kV to 765 kV. The project cost stood at Rs 565 crore and it is expected to be delivered by next financial year. Transformers & Rectifiers (India) produces transformers for both domestic and international markets. Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. The firm is a Maharatna' company under Ministry of Power, GoI. As of 30 June 2024, the Government of India owned a 51.34% stake in the company.Powered by Capital Market - Live

Transformers & Rectifiers India has secured order of Rs 565 crore from Power Grid Corporation of India for manufacture of transformer and reactors with range of 80 MVAr to 500 MVA and 420kV to 765 kV Class. Powered by Capital Market - Live

Transformers & Rectifiers India will hold a meeting of the Board of Directors of the Company on 8 October 2024.Powered by Capital Market - Live

Transformers & Rectifiers India has secured an order of Rs 114 crore from RRVPNL for supply of transformers. Powered by Capital Market - Live

The project entails manufacturing of power transformers of 50 MVA, 132/33 KV. The project cost stood at Rs 114 crore and the project is expected to be delivered by next financial year. 'The company is committed to delivering high-quality products and services and has established itself as a leading manufacturer of transformers in the country over time,' stated the firm in exchange filing. Transformers & Rectifiers (India) produces transformers for both domestic and international markets. The company reported a consolidated net profit of Rs 20.09 crore in Q1 FY25, as against a net loss of Rs 12.61 crore. Revenue from operations increased 106.98% to Rs 322 crore in Q1 FY25 from Rs 155.57 crore in Q1 FY24.Powered by Capital Market - Live

Transformers & Rectifiers India has secured three orders totaling Rs 252 crore. These include an order of Rs 91 crore from SPIL for supply of transformers with range of 50 to 500 MVA and 33 kV Class to 420 kV Class. The second order is of Rs 70 crore from KEPIPL for supply of transformers and reactors with range of 125MVAr to 500 MVA and 420 kV Class. Lastly, JSPL has placed an order for transformers with range of 250 MVA and 400 KV Class. The value of this order is Rs 91 crore. Powered by Capital Market - Live