Transformers and Rectifiers Stock Jumps 7% on ₹1,250 Crore Greenfield Expansion

Key Facts

Transformers and Rectifiers (India) Limited announced a plan to invest ₹1,250 crore to establish three greenfield manufacturing plants at its Chiyada complex in Gujarat. Upstox reported that the company's shares surged by 7% to hit an intraday high of ₹321.85 on October 27, 2026, following the news.

The new facilities will manufacture advanced components including bushings, insulation materials, and conductors, with an expected annual revenue potential of approximately ₹2,000 crore once fully operational. According to a company statement, construction commenced in December 2025, and commercial operations are scheduled to begin in Q1 FY2027-28 to strengthen its power infrastructure manufacturing capacity.

Market attention now turns to India's Manufacturing Production and Industrial Production data scheduled for release on October 28, 2026. These expansion plans follow the Manufacturing PMI reading of 54.9 recorded on October 23, 2026, which indicated sustained activity in the sector.