Transformers and Rectifiers (India) Ltd shares gained over 6% on Tuesday, October 27, after the company announced that it will invest ₹1,250 crore to set up three Greenfield manufacturing plants at Chiyada, Gujarat.
The company, in an exchange filing, said to meet the rising electricity demand, renewable energy integration and transmission network modernisation, it will invest ₹1,250 crore to establish three greenfield manufacturing plants at its Chiyada manufacturing complex in Gujarat.
The company said that the three plants will be housed under one of its wholly-owned consolidated ancillary subsidiary, providing complete control over manufacturing quality, technology, procurement and long-term strategic direction.
The construction of the facilities started in December last year and the commercial operations are expected to begin in the first quarter of the next fiscal year. Once fully operational, the facilities are expected to generate an annual revenue potential of approximately ₹2,000 crore.
It said this investment will aid India’s power infrastructure ecosystem and create over 1,000 direct jobs, and help localise critical transformer components.
The new facilities will manufacture Bushings (OIP, RIP & RIF up to 800 kV), Pressboard & Insulation Materials and Continuously Transposed Conductors (CTC), the company said. The materials are critical components in high-voltage transformer manufacturing and power transmission infrastructure.
Earlier this month, the company announced its September quarterly results. The infra solutions company reported a 135% year-on-year rise in consolidated net profit to ₹79.8 crore, compared to ₹33.9 crore.
Revenue from operations increased 60.7% to ₹739.4 crore in the second quarter of FY27 from ₹460 crore a year earlier.
Meanwhile, its Earnings before interest, tax, depreciation and amortisation (EBITDA) increased to ₹128.8 crore during the quarter from ₹58.9 crore in 2025.
The company’s stock was trading 6.3% higher at ₹318.65 apiece at 12.41 pm on Tuesday. It has gained 17.8% in the past month but is up just 3.4% this year, so far.
The stock is 34.45% away from its 52-week high of ₹481.40, and 40.84% above its 52-week low of ₹224.05. In the past 10 sessions, the stock has closed in the green on only 3 occasions, breaking a seven-day losing streak.
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