Hind Rectifiers gains on commencing commercial production of highly specialised copper conductors
Hind Rectifiers is currently trading at Rs 1887.00, up by 17.55 points or 0.94% from its previous closing of Rs 1869.45 on the BSE.
The scrip opened at Rs 1881.50 and has touched a high and low of Rs 1898.30 and Rs 1846.90 respectively. So far 755 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 2 has touched a 52-week high of Rs 2101.00 on 20-Aug-2025 and a 52-week low of Rs 801.15 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs 1898.30 and Rs 1712.75 respectively. The current market cap of the company is Rs 3216.04 crore.
The promoters holding in the company stood at 43.93%, while Institutions and Non-Institutions held 6.76% and 49.31% respectively.
Hind Rectifiers has successfully completed its backward integration project and commenced commercial production of critical and highly specialised Copper Conductors within the Company’s Sinnar plant.
The project focuses on the in-house manufacturing of Continuously Transposed Conductors (CTC), Enamelled Paper Insulated Copper Conductor (EPICC), and Paper Insulated Copper Conductor (PICC) which are critical raw materials for the production of traction transformers. The total capex incurred was around Rs 56 crore, which had been funded through the balance mix of term loans and the internal accruals.
This will help to enhance operational efficiency by streamlining the supply chain, addressing shortages of key raw materials and reducing dependence on external vendors. Additionally, the project will strengthen the Company’s operations by focusing on cost optimization and improving profit margins, thereby reinforcing the long-term sustainability and competitiveness of the business.
Hind Rectifiers is engaged in developing, designing, manufacturing and marketing power semiconductors, power electronic equipments and railway transportation equipments.
