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The Department of Expenditure, Ministry of Finance, has issued Office Memorandum for reduction of Performance Security from 10% to 3% extended till 31.03.2023.
With this order, the company's order book as on date stands around Rs 1123 crore. Transformers & Rectifiers India is engaged in a manufacturer of power, furnace and rectifier transformers. The company's consolidated net profit declined by 47.37% to Rs 0.70 crore on a 20.11% fall in net sales to Rs 168.45 crore in Q3 FY21 over Q3 FY20. In the past one year, the stock has zoomed 193.56% while the benchmark Sensex has added 46.73% during the same period. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed....