Transformers & Rectifiers (India) has received Rs 127 crore order from Power Grid Corporation of India for 15 transformers. In an interview to CNBC-TV18, Devendra Kumar Gupta, CFO of the company spoke at length about the same.
Gupta said Power grid has floated sufficient orders off late.
He further said that other state boards are also active and they are also bringing out a lot of tenders for the transformers.
Talking about business, he said we expect volumes to be better in Q3 and Q4.See FY18 revenue in the range of
Rs 750-800 crore, he added.
We see more orders from Gujarat, Telangana and Andhra Pradesh, said Gupta.Watch accompanying video for more details.