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| Exchange Disseminated Time 05/10/2016 16:30:01 | Transformers and Rectifiers (India) Ltd has informed BSE that the Company (TRIL) has entered into a Joint venture agreement with Jiangsu Jingke Smart Electric Company Limited (Jingke), a Company incorporated under laws of People’s Republic of China (PRC) for purpose of starting the business of manufacturing and marketing of GIS/HGIS/TGIS systems and products for 220kV and below and distribution products of 40.5 kV and below in India. TRIL will hold majority of 60% of Share of Joint venture and balance by Jingke. The Company neither has any interest in Jingke nor fall within related party transactions.
TRIL is leading manufacturer of Transformers and Reactors upto 765 kV. The Utilities find increasing usage of GIS as space becomes restriction and technology is getting advanced. This is logical foray for a TRIL for diversification in T&D Segment. |
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