Transformers and Rectifiers (India) Ltd (TARIL) has secured a Rs 53.33 crore order from Power Grid Corporation of India for the repair, erection, testing and commissioning of a 397 MVA HVDC converter transformer along with associated works.

In a regulatory filing, the company said the contract marks its entry into the global league of HVDC transformer manufacturers, opening significant growth opportunities in the high-voltage direct current segment.

TARIL added that the order is expected to strengthen its presence in the specialised transformer solutions market.