Transrail Lighting Ltd on Thursday (February 27) said it has secured new orders worth ₹2,752 crore, primarily in the transmission & distribution (T&D) segment.
Randeep Narang, MD and CEO, said, “We are pleased to announce our order wins of ₹2,752 crore, which reaffirms our position as a trusted partner in the T&D industry. Our order book continues to grow, driven by competitiveness, including our backward integration. With these additions, our YTD order inflows have crossed ₹7,400 crore, this is a growth of ~90% vis-à-vis last year, further strengthening our position in the industry. With a robust order book, manufacturing capacities, proven execution capabilities and a promising tender pipeline, we have good growth prospects in the coming quarters.”
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Last month, Transrail Lighting said it’s planning a new manufacturing unit to meet rising demand. Managing Director and CEO Randeep Narang said the company’s order book stands at ₹10,300 crore, with an additional ₹3,400 crore in potential orders. Transrail hopes to maintain an annual order inflow of ₹5,000-6,000 crore for 2024-25 (FY25), including both domestic and international projects.
Transrail Lighting is one of the leading Indian engineering, procurement, and construction (EPC) companies with a primary focus on power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors, and monopoles. It has a footprint in more than 58 countries.
Shares of Transrail Lighting Ltd ended at ₹484.20, down by ₹20, or 3.97%, on the BSE.
(Edited by : Shoma Bhattacharjee)
