The contract entails designing, engineering, manufacture, testing at manufacturers works and supply of 5 nos of 500 mega volt amp (MVA), 400/220/33kV, 3 Phase ICT, 5 Nos of 500 MVA 400/220/33kV, 3-phase auto transformers along with all fitting, accessories for complete execution and local transportation, in transit insurance, loading and uploading & installation services.

The entire work will be completed within 21 months from date of issue of notification of award.

Power Grid Corporation of India (PGCIL), a Public Sector Undertaking is India's principal electric power transmission company. The company is engaged in in implementation, operation and maintenance of inter-state transmission system (ists), telecom and consultancy services. The scrip advanced 2.02% to Rs 287.90 on the BSE.

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

The company reported 13% rise in consolidated net profit to Rs 15.57 crore on an 11% increase in revenue from operations to Rs 369.35 crore in Q3 FY24 over Q3 FY23.