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Source: SEBI
TMC Transformers India Limited manufactures a range of transformers, including oil-filled and dry-type transformers, serving sectors such as railways, metro rail, and renewable energy. The company operates a manufacturing facility in Vadodara, Gujarat, with an installed capacity of 13,500 MVA effective from May 15, 2026.
The transformer market in India is expected to grow significantly, driven by investments in railway infrastructure and electrification projects. The total annual domestic power transformer market is projected to reach ₹380-390 billion by fiscal 2031, indicating a robust demand for transformers.