Announced Mon, 27 Jul · 13:46 IST
Hirect wins maiden MEMU Trainset order worth about 60 crore
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HIRECT · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹1300.00
prior close
₹1331.60
base price
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AI summary
Hirect Limited secured its first MEMU Trainset order valued at about 60 crore from Modern Coach Factory (MCF). The order covers complete Propulsion Systems for 4 MEMU trainsets, including Traction Transformers, Traction Motors, and TCMS, to be delivered over 24 months. This marks Hirect's entry into next-generation rail systems, evolving from a component manufacturer into an integrated railway systems provider.
Likely market impact
Positive milestone validating R&D capabilities and opening a new growth segment in next-gen rail systems. Long-term order book potential.