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https://www.zeebiz.com/market-news/video-gallery-transformers-rectifiers-q2results-worldbank-notice-anil-singhvi-383004

Transformers &amp; Rectifiers (India) Ltd reported weaker-than-expected Q2 results due to one-time expenses and project delays. In an exclusive conversation with Anil Singhvi, Director Finance Chanchal Rajora stated that the company expects strong recovery in H2 as order execution picks up. Addressing the recent World Bank notice, Rajora clarified that allegations of a ₹4311 crore bribe for ₹200-300 crore orders are baseless. The company has initiated an internal investigation and is cooperating with authorities. Currently, it is executing three major World Bank projects following all compliance and transparency norms. With a healthy order book and operational improvements, Transformers &amp; Rectifiers aims to regain investor confidence and deliver better results in the coming quarters.

Transformers & Rectifiers Expects Strong H2 Recovery; Denies World Bank Bribery Allegations, Says CFO

<p>Transformers &amp; Rectifiers (India) Ltd reported weaker-than-expected Q2 results due to one-time expenses and project delays. In an exclusive conversation with Anil Singhvi, Director Finance Chanchal Rajora stated that the company expects strong recovery in H2 as order execution picks up. Addressing the recent World Bank notice, Rajora clarified that allegations of a ₹4311 crore bribe for ₹200-300 crore orders are baseless. The company has initiated an internal investigation and is cooperating with authorities. Currently, it is executing three major World Bank projects following all compliance and transparency norms. With a healthy order book and operational improvements, Transformers &amp; Rectifiers aims to regain investor confidence and deliver better results in the coming quarters.</p>


Transformers & Rectifiers Expects Strong H2 Recovery; Denies World Bank Bribery Allegations, Says CFO

Banking complaints nearly resolved as RBI signals confidence in India’s financial stability

Easing inflation and rising FDI signal positive economic outlook, says RBI

RBI cuts repo rate to 5.25%, boosts FY26 GDP forecast to 7.3%

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