Transformers and Rectifiers (India) Limited (TARIL) has secured a Letter of Intent (LOI) from the Transmission Corporation of Andhra Pradesh Limited (APTRANSCO) for the manufacturing of transformers and associated works, strengthening the company’s position in India’s power transmission equipment market.
TARIL disclosed the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has classified the contract as a Large Order under its internal project classification policy.
According to TARIL’s policy, Large Orders are projects valued between ₹100 crore and ₹500 crore, excluding GST. However, the company has not disclosed the exact value of the APTRANSCO order.
13-Month Delivery Timeline
The order has been awarded by APTRANSCO, a domestic entity, and covers the manufacturing of transformers along with related works. TARIL will execute the project in accordance with the terms and conditions specified in the LOI.
The scheduled delivery period for the order is within 13 months, placing the company on a defined execution timeline as it works to fulfil APTRANSCO’s requirements.
The order comes amid continued investments in India’s electricity transmission and distribution infrastructure, where transformers remain critical for efficiently transmitting and distributing power across the grid.
Strengthening Transformer Manufacturing Presence
The latest contract adds to TARIL’s order pipeline and reinforces its presence in the domestic transformer manufacturing sector. The company manufactures transformers and related power equipment for applications across the electricity transmission and distribution ecosystem.
With India continuing to expand and modernise its power infrastructure, demand for transformers and other grid equipment is expected to remain an important part of the country’s energy-sector investment cycle.
TARIL has positioned itself as a leading transformer manufacturer in India, with a focus on delivering products and services for the power sector. The APTRANSCO order further supports the company’s efforts to expand its business in the domestic market.
No Related-Party Transaction
TARIL also clarified that its promoter, promoter group and group companies have no interest in APTRANSCO, the entity awarding the contract. The company stated that the order has been received in the normal course of business and does not constitute a related-party transaction.
While the exact contract value remains undisclosed, its classification as a Large Order indicates that the project falls within TARIL’s ₹100–500 crore order category, excluding GST.
The order is expected to contribute to TARIL’s ongoing business activity while supporting APTRANSCO’s requirements for transformer manufacturing and related works. The 13-month execution schedule will now form the next phase of the company’s engagement under the LOI.
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