With reference to the captioned subject, pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that India Ratings and Research (Ind-Ra) has revised the credit rating Outlook to Negative from Stable while affirming the Long-Term Issuer Rating at 'IND BBB+. Please find below Ind-Ra for Bank Facilities of the Company.
Instrument Type
Size of
Rating/Outlook
Rating Action
Issue
(million)
Fund-based working
INR 1,736
IND BBB+/Negative/IND A2
Affirmed, Outlook revised to
capital limits
Negative from Stable
Non-fund-based working
INR 6,130
IND BBB+/Negative/IND A2
Affirmed, Outlook revised to
capital limits
Negative from Stable
Long-term loans
INR 318
IND BBB+/Negative
Affirmed, Outlook revised to
Negative from Stable
Proposed fund-based
INR 244
IND BBB+/Negative/IND A2
Affirmed, Outlook revised to
working capital limits
Negative from Stable
Proposed non-fund-
INR 1,190
IND BBB+/Negative/IND A2
Affirmed, Outlook revised to
based working capital
Negative from Stable
limits
Please take note that Information received by the Company today itself
Please take the same on your record.
Thanking you,
For Transformers and Rectifiers (India) Limited
RAKESH DINESHBHAI KIRI
Digitally signed by RAKESH DINESHBHAI KIRI
Date: 2022.06.17 14:02:25 +05'30'
Rakesh Kiri
Company Secretary and Compliance Officer
T & R is one of the leading manufacturers of a wide range of transformers globally. Today T & R is second largest Transformer manufacturing company based on Capacity in India. It has capability to develop world class power, distribution, furnace and specialty transformers with world class infrastructure at three plants around the city of Ahmedabad (Gujarat, India). T & R is managed by a highly skilled and experienced team of approximately 1200 employees, who consistently ensure that each and every activity factors in an adherence to high quality benchmarks established by the organisation.
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Transformers and Rectifiers (India) Limited published this content on 17 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2022 09:22:04 UTC.
Transformers and Rectifiers (India) Limited is an India-based company, which manufactures power, furnace, and rectifier transformers. The Company is a manufacturer of a range of transformers, which provides to both the domestic and the international market. The Company offers a range of power transformers from medium to ultra-high voltage (1200 kV AC) and from small (5 MVA) to large power ratings (500 MVA). The Companyâs power transformer product range includes auto transformers, generator step-up unit transformers, small and medium power transformers, trackside traction transformers, and auxiliary transformers. Its rectifier transformer product range includes bushing current transformer and instrument transformers. Its distribution transformer product range covers 250 kilovolt amperes (kVA) to 4000 kVA, 11 to 33 kV. Its Furnace transformer product range include electric arc furnace transformer, submerged arc furnace transformer, and ladle refining furnace transformer.
TRANSFORMERS AND RECTIFIERS (INDIA) LIMITED 
