Shares of Transrail Lighting gained on Wednesday, March 19, after the company said it has won new orders worth ₹1,674 crore.The new orders include letters of awards for major transmission and distribution projects in the overseas market involving engineering, procurement and construction (EPC) of transmission lines and substations, the company said.
“With year-to-date order inflows close to ₹9,200 crore, we continue to build a project portfolio that supports profit led growth. This balanced mix of domestic and international project wins this year, reflects our strategic focus on expanding globally while strengthening our presence in India,” Randeep Narang, the company’s MD and CEO, said.
Last month, the company said it had bagged fresh orders worth ₹2,752 crore, primarily in the T&D segment.In January,the company had said it was planning a new manufacturing unit to meet the rising demand.
“With year-to-date order inflows close to ₹9,200 crore, we continue to build a project portfolio that supports profit led growth. This balanced mix of domestic and international project wins this year, reflects our strategic focus on expanding globally while strengthening our presence in India,” Randeep Narang, the company’s MD and CEO, said.
Last month, the company said it had bagged fresh orders worth ₹2,752 crore, primarily in the T&D segment.In January,the company had said it was planning a new manufacturing unit to meet the rising demand.
Transrail Lighting shares gained 4.2% to hit an intraday high of ₹523.95 apiece. The stock was trading 1.82% higher at ₹511.8 apiece at 12.30 pm. It has declined 9.36% this year, so far.
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