Announced Sat, 25 Jul · 22:42 IST
Hirect bags first Vande Metro development order worth Rs 60 cr from Railways
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HIRECT · price
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AI summary
Hirect Limited (formerly Hind Rectifiers) has won its first development order for Vande Metro (Namo Bharat) trainsets from Indian Railways, valued at approximately Rs 60 crores. The domestic supply order must be executed within 21 months under standard railway terms. This marks the company's entry into the Vande Metro trainset segment under Indian Railways' modernisation program. No related party interests are involved.
Likely market impact
New segment entry with a sizeable Indian Railways order boosts revenue visibility and signals capability in modern rail technology.