HIRECT wins maiden Rs 60 cr MEMU trainset propulsion order from Indian Railways

Govt Defence OrderBusiness Updates View source PDF

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

—1-day move

₹1300.00

prior close

₹1333.30

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.1+0.2-0.5+0.6——————————

Up moveDown movePending

AI summary

HIRECT (formerly Hind Rectifiers) won its maiden order for Mainline Electric Multiple Unit trainsets from Modern Coach Factory, an Indian Railways unit. The contract covers supply of complete propulsion systems for 4 MEMU trainsets, valued at about Rs 60 crores, to be delivered within 24 months. This marks the company's entry into the MEMU railway segment.

Likely market impact

First MEMU order opens a new railway segment; Rs 60 cr government order strengthens order book visibility over the next two years.