New Delhi, March 17 -- Transformers and Rectifiers share price surged by 8% during Monday's trading session after the company obtained orders totaling Rs.726 crore for the provision of auto transformers and bus reactors from Gujarat Energy Transmission Corporation.

According to a regulatory filing, the project is expected to be completed within 18 months from the date the Letter of Intent (LOI) is issued.

The statement indicated that Transformers and Rectifiers has acquired orders worth Rs.726 crore from Gujarat Energy Transmission Corporation Ltd.

(more to come)

Published by HT Digital Content Services with permission from MINT....