Transformers And Rectifiers (TARIL) Shares Rally As Company Announces ₹1,250 Crore Gujarat Expansion

Transformers and Rectifiers (India) Limited (TARIL) shares advanced on Tuesday, 27 October, after the company announced plans to invest ₹1,250 crore in three greenfield manufacturing plants at its Chiyada complex in Gujarat.

The expansion comes as India increases investment in electricity transmission, renewable energy integration and modernisation of its power network. The facilities will make components used in high-voltage transformers, giving domestic manufacturing a lift. They are also intended to lessen the need for imports.

Construction began in December 2025, with commercial operations expected to start in the first quarter of financial year 2027-28 (Q1 FY28).

TARIL Share Price: Stock Breaks Seven-Day Losing Streak

The Transformers and Rectifiers share price stood at ₹318.65 apiece, up 6.3%, at 12.41 pm on Tuesday. The rise ended a seven-session losing streak, during which the stock had closed higher on only three occasions in the preceding 10 trading sessions.

By 03.29 pm, the stock was trading at ₹314.70, up 5% or ₹15 from its previous close of ₹299.70 on the National Stock Exchange (NSE). The shares have gained 17.8% over the past month, while their year-to-date advance stood at 3.4%.

Three Plants To Manufacture Critical Transformer Components

The facilities will operate under a wholly owned consolidated ancillary subsidiary, giving TARIL greater control over manufacturing quality, technology and procurement.

The planned manufacturing units will produce:

• Bushings: Oil Impregnated Paper (OIP), Resin Impregnated Paper (RIP) and Resin Impregnated Fibre (RIF) bushings rated up to 800 kilovolts (kV).

• Pressboard and insulation materials: Essential materials used in transformer manufacturing.

• Continuously Transposed Conductors (CTC): Components required for transformer winding applications.

The plants could command annual revenue of approximately ₹2,000 crore once they reach full operational capacity. The project is also expected to create more than 1,000 direct jobs across engineering, manufacturing, operations, quality assurance and research and development.

TARIL Q2 FY27 Results: Profit Rises 135%

The company's second-quarter financial performance showed substantial year-on-year growth, supported by higher revenue and operating earnings.

Net profit increased 135% year-on-year, while revenue from operations rose 60.7%. EBITDA also more than doubled, reflecting the improvement in operating performance.

The Gujarat expansion is intended to deepen vertical integration, improve supply-chain resilience and strengthen domestic manufacturing of specialised power equipment. By developing these capabilities in-house, TARIL aims to support India's growing transmission requirements and the wider push towards a more self-reliant power infrastructure ecosystem.

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