Transformers and Rectifiers India Expands Capacity for Solar and Green Hydrogen Projects
Key Ideas
- Transformers and Rectifiers India plans to set up a new plant to manufacture transformers specifically for solar and green hydrogen projects.
- The new plant will have a capacity to produce 150 transformers per month with a rating of around 12.5 MVA, contributing to the company's total capacity of 15,000 MVA.
- The company aims to increase capacity at their existing plant and expand overall manufacturing capacity to around 65,000-70,000 MVA to meet the increasing demand.
- An enabling resolution for a qualified institutional placement of ₹750 crore is in place to support organic growth opportunities, with expected margins for FY26 estimated to be around 15-16%.
The Managing Director of Transformers and Rectifiers India, Satyen Mamtora, announced the company's plans to enhance its capacity to meet the growing demand for transformers in India, particularly for solar and green hydrogen projects. The company is establishing a new plant that will focus on manufacturing 150 transformers monthly, specifically designed for solar and green hydrogen ventures with a rating of around 12.5 MVA. This initiative will boost the company's total capacity to 15,000 MVA. Additionally, there are plans to elevate the capacity at their Moraiya plant to 20,000 MVA, ultimately increasing the overall manufacturing capacity to approximately 65,000-70,000 MVA. The company anticipates a substantial demand for their transformers, as they have inquiries of around 18,000 MVA and aim to convert about 20% of these inquiries into confirmed orders over the next two quarters. Transformers and Rectifiers India is also preparing for organic growth opportunities with an enabling resolution for a qualified institutional placement of ₹750 crore. The company is optimistic about the expected margins for FY26, estimated to be around 15-16%. With a market capitalisation of approximately ₹11,583.40 crore, the company has observed a positive trend in its share prices, increasing by nearly 6% in the past year. This expansion highlights the company's commitment to supporting renewable energy projects and meeting the evolving needs of the energy sector in India.