Transformers and Rectifiers India Ltd gets extension for reduction of performance security

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.

Transformers and Rectifiers (India) Limited will get this benefit from all Public Sector Units(s) and also reduce the Bank Guarantee outstanding with the Bank's and further reduction in the contingent liability also.

The Company continuously thrives to deliver quality products and services and over a period of time has become a leading manufacturer of transformers in the Country.

Shares of Transformers And Rectifiers (India) Limited was last trading in BSE at Rs. 35.30 as compared to the previous close of Rs. 35.90. The total number of shares traded during the day was 141672 in over 1089 trades.

The stock hit an intraday high of Rs. 37.10 and intraday low of 35.00. The net turnover during the day was Rs. 5089113.00.

Source : Equity Bulls

Keywords

TransformersAndRectifiersIndia INE763I01026 TRIL PerformanceSecurity Reduction