India, Gujarat: Transformers & Rectifiers (T&R) India, an Indian transformer manufacturer, has won a third-party export order exceeding $80 million.
The order is expected to be executed in the next 12 months. While more details are awaited, this order could likely be the first under the new technology licence agreement signed with Fuji Electric Company of Japan, according to The Hindu Business Line.
In December 2014, the company entered into this agreement for the design, manufacture and sale of 420 kV and 765 kV reactors and 420 kV generator transformers.
In January this year, the company indicated that the first tender after the signing of the agreement was coming up soon.