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Mumbai, Dec. 28 Transformers and Rectifiers (India) Ltd, a manufacturer of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, today made its debut on the capital markets at a premium of 69.89 per cent on the NSE and 50.77 per cent on the BSE.

On the NSE, it touched an intra-day high of Rs 790 and a low of Rs 682.30, before closing the day at Rs 726.10. It made a total turnover of Rs 270. 87 crore on the NSE.

On the BSE, it hit an intra-day high of Rs 813.75 and a low of Rs 685.20. The shares of the company ended the day at Rs 728.

The company plans to use the proceeds from the issue to set up green-field manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements.

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