Shares of engineering, procurement and construction (EPC) firm Transrail Lighting jumped nearly 5 per cent on February 28 after the company announced it had won new orders worth Rs 2,752 crore, primarily from the transmission and distribution (T&D) segment.
The company informed about the order wins through an exchange filing after market opened on February 27. Transrail Lighting CEO and MD Randeep Narang said, “Winning orders worth Rs 2,752 crore reaffirms our position as a reliable partner in the T&D industry. Our order book has been growing steadily, driven by competitiveness including our backward integration.”
With the new order wins, the company’s year-to-date order inflow has crossed Rs 7,400 crore, a growth of nearly 90 per cent over last year, Narang said. This is significant as the market capitalisation of this stock is around Rs 6,793 crore, according to the Bombay Stock Exchange (BSE).
“With a strong order book, manufacturing capacity, proven execution capabilities and promising tender pipeline, we have good growth prospects in the coming quarters,” Transrail said.
Transrail Lighting shares are trading close to its 52-week low of Rs 465.20 and well below its 52-week high of Rs 719.15. In the last one month, the company’s shares have declined nearly 9 per cent.
Transrail Lighting – an EPC company – offers turnkey solutions in civil, railway and pole and lighting as well as transmission and distribution segment with its presence in 58 countries. The company has completed over 200 projects in the power transmission and distribution vertical.
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