Credit rating agency, CARE has assigned ‘CARE A1+’ rating to the STD/CP issue (Short Term Debt / Commercial Paper) of Transformers and Rectifiers (India) of Rs 50 crore.
Last year in October, Transformers & Rectifiers (India) had entered into a memorandum of understanding (MoU) with a leading global manufacturer of 765kV class transformers for the purpose of manufacturing and supplying these transformers to PGCIL.
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.
