Transformers & Rectifiers (India) Ltd has clinched a significant contract worth ₹389.97 crore from Gujarat Energy Transmission Corporation. The order encompasses the supply of 53 different types of transformers, marking a substantial win for the company in the power equipment sector.

Order Details

Significance of the Contract

This order represents a notable achievement for Transformers & Rectifiers (India) Ltd, potentially boosting its order book and revenue prospects. The contract's size suggests a substantial contribution to the company's operations and could indicate strong demand in the power transmission sector.

Delivery Timeline

The company anticipates completing the delivery of these transformers by the next financial year. This timeline provides insights into the project's scale and the company's production capabilities.

Implications for the Power Sector

The substantial order from a state power transmission corporation highlights ongoing investments in power infrastructure. It may reflect efforts to upgrade or expand the power transmission network in Gujarat, contributing to the overall development of the state's electricity grid.

While specific details about the types of transformers or their intended use are not provided, the diverse range (53 types) suggests a comprehensive upgrade or expansion project by Gujarat Energy Transmission Corporation.

This contract win by Transformers & Rectifiers (India) Ltd demonstrates the company's competitive position in the power equipment manufacturing sector and its ability to secure large-scale projects from state-level entities.

Transformers & Rectifiers (India) Limited, a leading manufacturer of transformers, has announced the resignation of Ajay S. Patil from his position as Independent Director. The resignation, effective from November 12, 2025, comes as a result of Patil's increasing professional and personal commitments.

Key Details of the Resignation

Impact on Board Composition

The company has confirmed that Patil's resignation does not affect the composition of the Board or its Committees. Transformers & Rectifiers (India) Limited remains fully compliant with SEBI (LODR) Regulations and other applicable laws. As Patil was not a member of any Committee, no changes in Committee composition are required.

Other Directorships and Committee Memberships

At the time of resignation, Ajay S. Patil held the following positions in other listed entities:

• Alicon Castalloy Limited: Non-Executive Independent Director
  • Audit Committee: Chairperson
  • Stakeholders Relationship Committee: Chairperson
  • Risk Management Committee: Member

Company's Statement

In his resignation letter, Patil acknowledged that his role as an Independent Director on the Board of Transformers & Rectifiers, particularly in the current phase of the company's journey, demands substantial involvement in governance, compliance, and related oversight activities. He expressed that he may not be able to devote the requisite time and continuous focus to these important responsibilities due to his increasing commitments.

The company has stated that there are no material reasons for the resignation other than those disclosed in Patil's resignation letter.

About Transformers & Rectifiers (India) Limited

Transformers & Rectifiers (India) Limited is one of the leading manufacturers of a wide range of transformers globally. It is currently the second-largest transformer manufacturing company in India based on capacity. The company has the capability to develop world-class power, distribution, furnace, and specialty transformers with state-of-the-art infrastructure at three plants around Ahmedabad, Gujarat. The company is managed by a highly skilled and experienced team of approximately 1,200 employees.