Shares surged 4.9% to ₹485.50 after Transrail Lighting announced a ₹412 cr order, trading at ₹479.80 (up 3.7%) at 11:15 am.
The new order pushes the company’s current‑year intake to ₹2,021 cr, of which ₹409 cr are L1 contracts awarded to the lowest‑priced bidder.
Orders are primarily domestic reconductoring projects using HTLS conductors, expanding the use of the firm’s in‑house manufactured carbon‑core HTLS to increase line capacity.
Transrail’s manufacturing capacity sits at 184,400 MTPA for towers and 40,800 KMPA for conductors, positioning it to benefit from rising domestic and international T&D demand.
CEO Randeep Narang noted that Phase III of the Green Energy Corridor will strengthen power infrastructure and support the evacuation of 900 GW of non‑fossil fuel power, further boosting T&D opportunities.
This win follows a prior ₹574 cr order disclosed on Sept 30, which lifted the stock over 10% that day. Analysts observe the stock remains 14% down YTD and 35% over 12 months, but the intake surge may signal a turnaround.
Investors should monitor the next quarterly earnings for guidance revisions and keep an eye on green corridor approvals that could unlock additional contracts.