Announced Mon, 27 Jul · 13:41 IST
Hirect wins first Vande Metro order worth about 60 crores
HIRECT · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹1300.00
prior close
₹1333.00
base price
In-mkt
timing
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AI summary
Hirect Limited (formerly Hind Rectifiers) won its first Vande Metro development order from Rail Coach Factory Kapurthala, valued at about 60 crores. The 21-month order covers design, manufacture, supply, installation, testing and commissioning of IGBT-based propulsion systems, traction transformers, traction motors, TCMS, plus annual maintenance. Vande Metro is a 16-coach self-propelled air-conditioned trainset for intercity routes. Marks entry into next-generation trainset applications.
Likely market impact
First entry into advanced trainset tech, supports revenue over 21 months, validates indigenous R&D capabilities