Transformers and Rectifiers (India) rises on report India easing Chinese equipment curbs

Transformers and Rectifiers (India)

19/02/2026 08:35

** Shares of Transformers and Rectifiers (India) Ltd TRNF.NS rise as much as 5.4% to 316 rupees, highest since Jan 8
** Reuters reported Indian government has eased restrictions on procurement of critical power transmission equipment from China for government contracts
** This is the first significant easing of 5-year-old curbs that shut Chinese firms out of India's government contract market
** TRNF shares are up 27% in February so far, on course for its best showing in 11 months
** More than 11.8 mln shares traded as of 1:58 p.m. IST, 1.5x their 30-day moving avg
** TRNF last up 2.8%, adding to YTD gains of 5.1%

 (Reporting by Meenakshi Maidas, Bharath Rajeswaran in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))