Transformers and Rectifiers (India) shares rose 5% intraday on March 28 after the company received a Rs 184-crore order from a central utility. Transformers and Rectifiers (India) stated that the orders are in the normal course of business and that the company has no interest in the entities that awarded the orders, nor do they fall within related party transactions. With this order, the company’s order book now stands at Rs 1,555 crore.
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