Transformers & Rectifiers rallies on entering into technology license agreement with Fuji

18 Dec 2014 Evaluate

Transformers & Rectifiers (India) is currently trading at Rs. 191.15, up by 18.85 points or 10.94 % from its previous closing of Rs. 172.30 on the BSE.

The scrip opened at Rs. 184.00 and has touched a high and low of Rs. 199.80 and Rs. 180.90 respectively. So far 10264 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 236.50 on 03-Jul-2014 and a 52 week low of Rs. 69.75 on 07-Feb-2014.

Last one week high and low of the scrip stood at Rs. 190.00 and Rs. 158.00 respectively. The current market cap of the company is Rs. 257.17 crore.

The promoters holding in the company stood at 74.90 % while Institutions and Non-Institutions held 3.06 % and 22.05 % respectively.

Transformers and Rectifiers (India) (TRIL), a manufacturer of wide range of transformers has entered into the technology license agreement with Fuji Electrical Company, (Fuji), Japan, a leading manufacturer of Power Transmission and Distribution equipment. Their strength lies in developing business in Energy Creation, Energy Management and Energy Conservation with Power Electronics as the core.

As a part of this Technology License Agreement, Fuji grants the license to TRIL in India to use its technology and know-how; to design, manufacture, assemble, inspect and sale of Generator step up transformers with single phase or three phase, 420 kV Voltage and up to 1000 MVA bank capacity; Shunt reactors with three phase 420 kV voltage and up to 125 MV Ar capacity and Shunt reactor with single phase, 765 kV voltage and up to 133 MV Ar capacity.

Under the technology license agreement valid for the period of 10 years, a dedicated team from TRIL will work with Fuji, to absorb and deploy this technology. This Technology transfer will provide an important milestone to TRIL which will help to enter into new horizons in manufacturing of high end reactors and transformers. This partnership with Fuji and the new technology infusion will reinforce the company’s product offerings in the area of Transmission and Distribution.

Transformers and Rectifiers (India) is one of India’s leading transformer manufacturers. The company is the main supplier of transformers to the Sardar Sarovar hydel project, state electricity boards and major international clients.

Transformers & Rect Share Price

734.60 34.95 (5.00%)
03-Jun-2024 11:46 View Price Chart
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Havells India 1893.45
Siemens 7312.15
Apar Inds 7853.60
ABB India 8750.00
CG Power & Indl.Soln 683.60
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