Transrail Lighting wins orders worth Rs 408 crore
TRANSRAILL · price
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On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250 and 3.7 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Transrail Lighting received new orders worth Rs 408 crore, led by a GIS substation EPC project in the MENA region along with some domestic orders. Year-to-date order intake now stands at Rs 2,429 crore. In the last fortnight alone, the company has secured Rs 1,394 crore in orders. The MENA project is a Greenfield EPC job using advanced gas insulated technology.
Positive for stock. Strong order inflows and growing international footprint strengthen revenue visibility and future growth prospects.