TRF was locked at 5% upper circuit at Rs 284.90 at 13:08 IST on BSE after the company said it has received an order worth Rs 353.67 crore from Bharat Heavy Electricals.
The announcement was made after market hours on Friday, 12 September 2014.
Meanwhile, the S&P BSE Sensex was down 214.63 points or 0.79% at 26,846.41.
On BSE, so far 55,000 shares were traded in the counter as against average daily volume of 18,888 shares in the past one quarter.
The stock hit a low of Rs 277.70 so far during the day.
The stock had underperformed the market over the past one month till 12 September 2014, advancing 17.98% compared with the Sensex's 4.56% rise. The scrip had, however, underperformed the market in past one quarter, gaining 2.16% as against Sensex's 5.81% rise.
The small-cap engineering equipment maker has equity capital of Rs 11 crore. Face value per share is Rs 10.
TRF announced receipt of order worth Rs 353.67 crore from Bharat Heavy Electricals (Bhel), Bangalore for design, engineering, manufacturing, supply, erection and commissioning for conveying and crushing system with associated equipment for ore, flux, coal & coke handing system of 3.0 MTPY integrated steel plant of NMDC, Nagarnar, Chhatisgarh.
TRF reported a consolidated net loss of Rs 6.18 crore in Q1 June 2014, lower than net loss of Rs 7.56 crore in Q1 June 2013. Net sales declined 8.8% to Rs 296.03 crore in Q1 June 2014 over Q1 June 2013.
TRF is a pioneer in engineering and supply of material handling equipment and systems for five decades.
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