 "Transformers and Rectifiers forms JV with China's Jiangsu Jingke")
Transformers and Rectifiers (India) was up 8% to Rs 420 on BSE in intra-day trade after the company said it has received order worth Rs 153 crore from Gujarat Energy Transmission Corporation Limited (GETCO).
"The said order falls under the normal course of business. The company neither has any interest in the entity that awarded the order nor fall within related party transactions," company said in release.
With this order, the company’s order book as on date stands around Rs 1,020 crore, it added.
At 10:02 am; the stock was up 4% at Rs 406 on BSE
"The said order falls under the normal course of business. The company neither has any interest in the entity that awarded the order nor fall within related party transactions," company said in release.
With this order, the company’s order book as on date stands around Rs 1,020 crore, it added.
At 10:02 am; the stock was up 4% at Rs 406 on BSE
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