Transformers and Rectifiers (India) Ltd

The key equity benchmarks traded with minor gains in mid-afternoon trade. Investors remain focused on ongoing IPO activity and the RBI's monetary policy outcome due tomorrow, 5 December 2025. Market participants will also keep an eye on Russian President Putin's visit to India from 4 and 5 December 2025. The Nifty traded near the 26,000 level. Realty shares climbed after declining in the past five trading sessions. At 14:25 IST, the barometer index, the S&P BSE Sensex, advanced 54.62 points or 0.06% to 85,153.04. The Nifty 50 index jumped 21.85 points or 0.08% to 26,007.85. In the broader market, the S&P BSE Mid-Cap index shed 0.09% and the S&P BSE Small-Cap index fell 0.30%. The market breadth was weak. On the BSE, 1,179 shares rose and 2,260 shares fell. A total of 181 shares were unchanged. Buzzing Index: The Nifty Realty index jumped 0.66% to 891.20. The index fell 2.86% in the past five consecutive trading sessions. Oberoi Realty (up 1.54%), Prestige Estates Projects (up 0.93%), Godrej Properties (up 0.74%), Phoenix Mills (up 0.53%), Brigade Enterprises (up 0.5%) Lodha Developers (up 0.41%), DLF (up 0.19%) and Sobha (up 0.15%) advanced. Numbers to Track: The yield on India's 10-year benchmark federal paper was added 0.17% to 6.537 as compared with the previous close of 6.526. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 89.9700 compared with its close of 90.1500 during the previous trading session. MCX Gold futures for 5 December 2025 settlement fell 0.61% to Rs 1,31,787. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.06% to 98.82. The United States 10-year bond yield advanced 0.79% to 4.090. In the commodities market, Brent crude for January 2025 settlement advanced 17 cents or 0.27% to $62.84 a barrel. Stock in Spotlight: Transformers and Rectifiers (India) shed 0.67%. The company announced that it has secured an order worth Rs 53.33 crore from Power Grid Corporation of India for HVDC converter transformers and related works. Lemon Tree Hotels fell 0.46%. The company has signed a license agreement viz Lemon Tree Hotel, Pacific Mall, Jaipur.Powered by Capital Market - Live

In an exchange filing, the company said the order involves the repair, erection, testing, and commissioning of a 397 MVA HVDC converter transformer, with delivery scheduled by the next financial year. The company also clarified that neither its promoters nor the promoter group have any interest in the awarding authority, and the transaction does not qualify as a related-party deal under regulatory norms. Transformers and Rectifiers (India) is a leading manufacturer of transformers and reactors. It caters to power generation, transmission, distribution, and industrial sectors on a B2B model. Its product portfolio spans single-phase power transformers up to 500 MVA and 1200 kV, furnace, rectifier, and distribution transformers, as well as specialty units for locomotive traction, solar applications, green hydrogen, and mobile substations. With an installed capacity of around 40,000 MVA, TARIL serves clients across more than 25 countries. On a consolidated basis, revenue from operations stood at Rs 460 crore in Q2 FY26, nearly unchanged from Rs 462 crore in Q2 FY25. Profit after tax (PAT) fell 19% YoY to Rs 37.5 crore in Q2 FY26, with PAT margin narrowing to 7.9%, down from 9.7% last year. The counter shed 0.54% to Rs 246.70 on the BSE. The 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 the Ministry of Power, GoI. As of 30 September 2025, the Government of India owned a 51.34% stake in the company. The company's consolidated net profit fell 5.98% to Rs 3,566.08 crore in Q2 FY26 as against Rs 3,793.02 crore posted in Q2 FY25. However, revenue from operations rose 1.75% YoY to Rs 11,475.95 crore recorded in the quarter ended 30 September 2025. The counter rose 0.48% to Rs 269.60 on the BSE. Powered by Capital Market - Live

Transformers and Rectifiers (India) has secured order of Rs. 53.33 crore from Power Grid Corporation of India for repair, erection, testing and commissioning of the 397 MVA HVDC Converter Transformer and related works. Powered by Capital Market - Live

According to the company's exchange filing, the order involves the manufacturing of 53 transformers of various types, with deliveries scheduled for the next financial year. The firm also clarified that neither its promoters nor members of the promoter group have any interest in the awarding authority, confirming that the transaction does not qualify as a related-party deal under regulatory norms With this order, the company has received a total order book of Rs 493.42 crore from Gujarat Energy Transmission Corporation during this quarter. 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. Headquartered in Ahmedabad, Transformers and Rectifiers (India) is a leading manufacturer of transformers and reactors. It caters to power generation, transmission, distribution, and industrial sectors on a B2B model. Its product portfolio spans single-phase power transformers up to 500 MVA and 1200 kV, furnace, rectifier, and distribution transformers, as well as specialty units for locomotive traction, solar applications, green hydrogen, and mobile substations. With an installed capacity of around 40,000 MVA, TARIL serves clients across more than 25 countries. On a consolidated basis, revenue from operations stood at Rs 460 crore in Q2 FY26, nearly unchanged from Rs 462 crore in Q2 FY25. Profit after tax (PAT) fell 19% YoY to Rs 37.5 crore in Q2 FY26, with PAT margin narrowing to 7.9%, down from 9.7% last year. Powered by Capital Market - Live

Transformers & Rectifiers India has secured an order of Rs. 389.97 crore from Gujarat Energy Transmission Corporation for supply of 53 nos. of various types of transformers. Powered by Capital Market - Live

Websol Energy System Ltd, Kaynes Technology India Ltd, Inox Green Energy Services Ltd and PDS Ltd are among the other losers in the BSE's 'A' group today, 18 November 2025.Transformers & Rectifiers India Ltd crashed 6.87% to Rs 310.4 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.6 lakh shares were traded on the counter so far as against the average daily volumes of 4.03 lakh shares in the past one month.Websol Energy System Ltd tumbled 6.12% to Rs 118.8. The stock was the second biggest loser in 'A' group.On the BSE, 2.23 lakh shares were traded on the counter so far as against the average daily volumes of 69070 shares in the past one month.Kaynes Technology India Ltd lost 5.61% to Rs 5892.8. The stock was the third biggest loser in 'A' group.On the BSE, 6.89 lakh shares were traded on the counter so far as against the average daily volumes of 23106 shares in the past one month.Inox Green Energy Services Ltd plummeted 5.16% to Rs 237.8. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.43 lakh shares were traded on the counter so far as against the average daily volumes of 1.37 lakh shares in the past one month.PDS Ltd dropped 4.84% to Rs 382.55. The stock was the fifth biggest loser in 'A' group.On the BSE, 10705 shares were traded on the counter so far as against the average daily volumes of 16120 shares in the past one month.Powered by Capital Market - Live

Transformers & Rectifiers India announced the resignation of Ajay S. Patil (DIN: 01217000) from the position of Independent Director of the Company, with effect from the close of business hours on 12 November 2025. Powered by Capital Market - Live

Transformers & Rectifiers India updated regarding the ongoing matter with the World Bank as follows: 1. Removal from Debarred List: The World Bank has removed the name of the Company from the list of Debarred Firms and Individuals on its website. 2. Extension for Submission of Response: The World Bank has granted an extension for submitting the Company's explanation in the sanctions case. The new deadline for submission is 12 January 2026. Powered by Capital Market - Live

The lender has also given TARIL more time, until 12 January 2026, to submit its response in the ongoing sanctions case. The World Bank had earlier barred TARIL for four years, until June 2029, following allegations of bribery in connection with a World Bank-funded project in Nigeria. TARIL had been restricted from participating in any Bank-funded projects during this period. The debarment relates to alleged irregularities in a past supply order executed for the Transmission Company of Nigeria (TCN), Abuja. TARIL said it had already submitted all requested documents during a 2023 inquiry and had received no further communication until the recent notice. The company maintains that the findings are not conclusive and do not indicate any wrongdoing. It also noted that the debarment applied only to World Bank-funded projects and has no impact on current operations, as the company has no active orders under such programmes. TARIL said it will now work to clear its name completely and meet all compliance requirements. The development boosted investor sentiment and sent the stock sharply higher. Headquartered in Ahmedabad, TARIL is a leading manufacturer of transformers and reactors. It caters to power generation, transmission, distribution, and industrial sectors on a B2B model. Its product portfolio spans single-phase power transformers up to 500 MVA and 1200 kV, furnace, rectifier, and distribution transformers, as well as specialty units for locomotive traction, solar applications, green hydrogen, and mobile substations. With an installed capacity of around 40,000 MVA, TARIL serves clients across more than 25 countries. On a consolidated basis, revenue from operations stood at Rs 460 crore in Q2 FY26, nearly unchanged from Rs 462 crore in Q2 FY25. Profit after tax (PAT) fell 19% YoY to Rs 37.5 crore in Q2 FY26, with PAT margin narrowing to 7.9%, down from 9.7% last year. Powered by Capital Market - Live

HBL Engineering Ltd, Paisalo Digital Ltd, Ganesha Ecosphere Ltd and Bajaj Finance Ltd are among the other losers in the BSE's 'A' group today, 11 November 2025.Transformers & Rectifiers India Ltd crashed 9.96% to Rs 282.9 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 20.47 lakh shares were traded on the counter so far as against the average daily volumes of 1.07 lakh shares in the past one month.HBL Engineering Ltd tumbled 8.46% to Rs 1006.5. The stock was the second biggest loser in 'A' group.On the BSE, 15.06 lakh shares were traded on the counter so far as against the average daily volumes of 2.06 lakh shares in the past one month.Paisalo Digital Ltd lost 7.78% to Rs 33.45. The stock was the third biggest loser in 'A' group.On the BSE, 5.2 lakh shares were traded on the counter so far as against the average daily volumes of 3.51 lakh shares in the past one month.Ganesha Ecosphere Ltd shed 7.72% to Rs 966.35. The stock was the fourth biggest loser in 'A' group.On the BSE, 16014 shares were traded on the counter so far as against the average daily volumes of 1999 shares in the past one month.Bajaj Finance Ltd fell 7.61% to Rs 1002.8. The stock was the fifth biggest loser in 'A' group.On the BSE, 10.08 lakh shares were traded on the counter so far as against the average daily volumes of 3.63 lakh shares in the past one month.Powered by Capital Market - Live