Hirect Secures US Order for IGBT Converters for Mining Industry

Export Order Hard CurrencyBusiness Updates View source PDF Explain this filing

HIRECT · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+2.3%1-day move

₹1299.90

prior close

₹1340.90

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.6+0.2-0.1-0.3+2.3+1.7+1.2+0.2+1.0-6.0-2.7———

Up moveDown movePending

AI summary

Hirect Limited has secured an order from the United States for IGBT Converters for the Mining Industry. This marks the company's entry into the mining segment, where power electronics must operate in demanding environments requiring robustness and reliability. The order aligns with Hirect's long-term strategy of expanding its international business. Hirect already exports to over 30 countries and has offices in India, Sweden, and the UAE, with two manufacturing plants at Nashik and Bhandup.

Likely market impact

Positive signal for international growth and entry into a new industrial segment. However, no order value was disclosed, limiting near-term financial visibility.