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23/05/2024 18:40

Transformers & Recti - Updates

Transformers And Rectifiers (India) Limited has informed the Exchange regarding '1. Awarded Domestic Order of Transformers for total contract value of Rs. 197 Crores from Adani Group & L&T Group and The details of this order received are as follows:Particulars DetailsName of the entity awarding order(s)/contract(s); Adani Group & L&T GroupWhether order(s)/ contract(s) have been awarded by domestic/ international entity; DomesticSignificant terms and conditions of order(s) / contract(s) awarded in brief Designing, Engineering, Manufacture, Testing at Manufacturers works, supply, freight, ETC of 2 Nos of 500 MVA 400 kV Transformers; 2 Nos of 500 MVA 400 kV Transformers for Lakadia; 1 no of 125 MVAR 400 kV Reactor; 1 no of 125 MVAR 400 kV Reactor and 250MVA Transformers including insulating oil and along with all fittings, accessories including marshalling box for each Auto-Transformer, Digital RTCC Panel, foundation bolts (if any), cablesTime period by which the order(s)/contract(s) is to be executed; The Entire work shall be completed within 18 Months from date of issue of Notification of Award Broad consideration or size of the order(s) / contract(s); Total Order Value received of Rs. _____ CroreWhether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof; The Promoter /Promoter Group/ Group companies does not have any interest in these entities that awarded the orders Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at arm s length The said order fall under the normal course of business and not fall within related party transactions'.