Shares of Transformers & Rectifiers India (TRIL), one of the leading manufacturers of transformers, have skyrocketed 19.6% in today s trade to record a new lifetime high of ₹226 apiece. This year so far, the shares have delivered a multibagger return of 300%.
Shares of Transformers and Rectifiers (India) Ltd gained over 3% today after the electrical equipment maker said it received orders worth Rs 219 crore from Power Grid Corporation of India. It also won a Rs 237 crore order from Power Grid on December 19. The company said on Tuesday it received orders for total contract value of Rs 118 crore from Uttar Pradesh Power Transmission Corporation. It has won orders worth Rs 574 crore in two days.
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The Jharkhand High Court has ruled that Labor Cess should not be imposed on the supply of materials and consultancy charges for a contract that is different from civil works contracts. This decision.