Transrail Lighting shares gained over 4% on Wednesday, October 14, after the company said it won new orders worth ₹408 crore.
With this new order win, the company said its order intake stands at ₹2,429 crore in 2026, so far.
The order wins mainly comprises GIS substation (Gas Insulated Substation) EPC project in the Middle East and North Africa (MENA) region apart from a few other domestic orders.
“We continue to garner new orders on back of the increasing T&D spends worldwide. With this, just in last fortnight we have accumulated orders worth ₹ 1,394 crore taking the YTD order inflow to ₹2,429 crore,” Randeep Narang, the company’s managing director and chief executive officer, said.
Earlier this month, Transrail Lighting told CNBC-TV18 it is pursuing a 10 to 15% market share within the High-Tension Low Sag reconductoring sector, which encompasses an anticipated ₹3,500 to ₹4,000 crore market opportunity projected for the forthcoming six-month period.
Shares of Transrail Lighting rose over 4% intraday abd are trading around 3.50% up at 2.15 pm. The shares have risen over 17% in the past month.
The stock is 37.05% away from its 52-week high of ₹758.00 and 19.09% above its 52-week low of ₹400.65. In the past 10 days of trade, the stock has closed in the green for five sessions.