1 week ago
Transrail Lighting Shares Rise 6% After Fresh Orders
Transrail Lighting makes equipment and builds infrastructure for electricity transmission.
The company announced that it won several new contracts.
These include building transmission lines, upgrading existing lines and supplying special HTLS conductors.
It will also supply transmission poles and build a transmission line for a major private Indian developer.
The new orders increased its order intake for the year to Rs 1,609 crore.
Another Rs 694 crore of possible orders are at an early award stage called L1.
The company has expanded its factories to make more towers and conductors.
Investors responded positively, and the shares closed about 6% higher.
However, the stock is still lower than it was earlier this year and last year.
Transrail Lighting shares closed nearly 6% higher after the company announced new orders.
The orders cover transmission-line EPC work, reconductoring, HTLS conductors, transmission poles and an EPC contract from a major Indian private-sector developer.
The company’s order intake for the year has reached Rs 1,609 crore, with another Rs 694 crore of orders at the L1 stage.
Transrail has doubled tower-manufacturing capacity to 172,400 MTPA and increased conductor capacity 70% to 40,800 KMPA.
The stock remains down 14.34% this year and 34% over one year, while its RSI of 52 indicates neither overbought nor oversold conditions.
- Who
- Transrail Lighting, led by Managing Director and Chief Executive Officer Randeep Narang.
- What
- The company secured new transmission-line, reconductoring, HTLS conductor, transmission-pole and EPC orders.
- Where
- The orders involve domestic and international opportunities, including an EPC contract from a major Indian private-sector developer.
- When
- The article does not provide a specific date; it refers to the latest order wins and the current year.
- Why
- The company said the orders reflect customer confidence and support its growth as manufacturing capacity expands.
Key facts
- Share move
- Shares closed nearly 6% higher after the order announcement.
- Annual order intake
- Rs 1,609 crore
- Orders at L1 stage
- Rs 694 crore
- Tower capacity
- 172,400 MTPA after being doubled
- Conductor capacity
- 40,800 KMPA after a 70% increase
- Stock performance
- Down 14.34% this year and 34% over one year
- RSI
- 52, indicating neither overbought nor oversold conditions
Quotes
Randeep Narang
Managing director and chief executive officer of Transrail Lighting
“The latest order wins reflect the continued confidence our marque customers place in our engineering, manufacturing and execution capabilities in the T&D sector.”
businesstoday.in
Sources
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