The document discusses three phase transformers. It explains that three phase transformers have three sets of primary and secondary windings wound around the legs of an iron core assembly. There are two main constructions - using three single phase transformers or a common core for the three phases. Today, a single three phase transformer is preferred as it is lighter, smaller, cheaper and slightly more efficient. The windings can be connected in various configurations including wye-wye, wye-delta, delta-wye, and delta-delta. Each configuration has different characteristics regarding voltage ratios, phase shifts, and suitability for different applications.