The contract entails designing, engineering, manufacture, testing at manufacturers works and supply of 13 nos of 110 MVAR, 765kV, 1-phase reactors, 2 nos of 125 MVAR 420kV, 3- phase reactor, 6 Nos of 110 MVAR 765kV, 1-phase reactors along with all fitting, accessories for complete execution and local transportation, in transit insurance, loading and uploading & installation services.

The company said that the entire work shall be completed within 15 months from date of issue of notification of award.

Meanwhile, the company has also bagged orders from Uttar Pradesh Power Transmission Corporation, amounting to Rs 118 crore.

Transformers & Rectifiers (India) produces transformers for both domestic and international markets.

The company's consolidated net profit declined 86% to Rs 1.61 crore on a 20.91% fall in sales to Rs 257.06 crore in Q2 FY24 over Q2 FY23.