Transformer maker TARIL gains 6.3% on Rs 1,250 crore Gujarat expansion

what happened

Transformers and Rectifiers (India), known as TARIL, plans to invest Rs 1,250 crore in three manufacturing facilities in Gujarat, according to Moody's. The plants will be built at the company's Chiyada complex and will make transformer bushings, pressboard and insulation materials, and continuously transposed conductors.

The company's shares rose 6.3% on Tuesday to Rs 318.65, ending a seven-session losing streak. The stock still trades 34.45% below its 52-week high of Rs 481.40. In the September quarter, net profit climbed 135% to Rs 79.8 crore, while revenue grew 60.7% to Rs 739.4 crore.

At full capacity the plants could generate about Rs 2,000 crore in annual revenue and more than 1,000 direct jobs. Construction began in December 2025, and commercial operations are expected in the first quarter of FY28.

why it matters

For investors, the project signals a move toward tighter control over supplies of critical transformer components and less reliance on outside vendors. Direct oversight of procurement and production could improve planning, though the real impact on import substitution will depend on what the plants can supply competitively.

market impact

TARIL shares: expansion and profit growth support interest in the stock

• ▲Transformers and Rectifiers (India) shares pressure up — expansion plans and strong quarterly profit growth support investor interest

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