RTS Power starts manufacture of Single Phase Transformers & secures new orders

RTS Power Corporation Ltd on April 13, 2007 has announced that the Company has started production of Single Phase Transformers to meet the growing demand under Rajiv Gandhi Grameen Vidhyutikaran Yojana (RGGVY).

Further, the Company has bagged new orders worth Rs 12.69 crores for the supply of Transformers to be used in Turnkey Projects and to be installed by Jharkhand State Electricity Board under RGGVY. The Company's present Order Book position stood at about Rs 50 crores.

Meanwhile, the Company has completed the Expansion of its Cable and Conductor Plant at Jaipur. Side by side, the Company has also participated in various tendering processes in the last few days and has bagged trial orders for supply of 600 kms of Cables & Conductors from various State Electricity Boards.

Moreover, it has acquired land for expansion of its Salkia Unit to manufacture Transformers upto 20MVA and to cater all types of Transformers of 66 KV Class. The Company also plans to add facilities to Cater the requirements of 220 KV Class Transformers.

The stock closed at Rs.131.70, up by Rs.4.25 or 3.33%. The stock hit an intraday high of Rs.134 and low of Rs.127.25. The total traded quantity was 32648 compared to 2 week average of 50096 shares.

Source : Equity Bulls

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