Transformers and Rectifiers (India) Secures USD 17 mn Export Orders

Aug 22, 2024 14:18

Transformers and Rectifiers (India) has secured new export orders worth USD 16.80 million, including a contract from Linxon Global Sweden for 18 trackside traction transformers and 55 trackside auto transformers, and an order from ArcelorMittal Mexico for a 175 MVA electrical arc furnace...

Illustration: Dominic Xavier/Rediff.com

New Delhi, Aug 22 (PTI) Transformers and Rectifiers (India) on Thursday said it has secured new export orders worth USD 16.80 million (about Rs 141 crore).

The first contract awarded by Linxon Global Sweden is valued at USD 14 million and has to be executed by October 2025, the company said in an exchange filing.

Transformers and Rectifiers (India) said it will supply 18 trackside traction transformers of 20 MVA (Megavolt Ampere) and 55 trackside auto transformers of 7.5 MVA to Linxon Global Sweden.

While the company has secured a second order, valued at USD 2.80 million, from ArcelorMittal Mexico. The order is for the supply of a 175 MVA, 66 kV electrical arc furnace transformer. The project is to be completed by December this year, according to the company.

Source: PTI

MORE NEWS

Punjab Seeks Korean Investment: Mann Visits Seoul

Punjab CM Mann urges Korean investment in Seoul, highlighting industry-friendly...

India-EU FTA Talks with Goyal: Key Issues &...

EU team meets Piyush Goyal to discuss India-EU Free Trade Agreement. Focus on steel,...

AI/ML in Power Distribution: Manohar Lal Keynote

Manohar Lal highlights AI/ML role in power distribution at national conference. Focus...

UIDAI Aadhaar Verification: New Rules & App

UIDAI to mandate registration for Aadhaar verification. New app & rules discourage...

Gold Price Outlook: Fed Decision & Rupee Impact

Gold prices to watch Fed meeting, rupee movement. Analysts predict potential gains amid...

Paint Makers Expect Q3 Uptick, Margin Improvement

Paint makers anticipate sales & volume growth in Q3 with improved margins due to benign...

Urban Vault Leases to Japanese Firms in Bengaluru

Urban Vault leases 21,000 sq ft office space in Bengaluru to Nachi, Pioneer, & Komatsu....

Dwarka Expressway Housing Prices Surge 3.5x in...

Dwarka Expressway property prices jumped 3.5 times in 5 years! Report by Square Yards...

Govt to Convert 40 GW Renewable Energy to FDRE:...

Suzlon expects the government to convert 40 GW of uncontracted renewable energy to...

Ola Electric Delivers 4680 Bharat Cell EVs

Ola Electric starts mass deliveries of 4680 Bharat Cell powered S1 Pro+ scooters....

Transformers and Rectifiers (India) Secures USD 17 mn Export Orders

You May Like To Read

MORE NEWS