Transrail Lighting Gets New Orders Worth Rs 1,647 Crore In Global Markets
'With year-to-date order inflows close to Rs 9,200 crore, we continue to build a project portfolio that supports profit-led growth,' CEO Randeep Narang says.
Transrail Lighting Ltd. has secured new orders worth Rs 1,647 crore in the power transmission and distribution, and railway sectors.
These new orders include letters of award for major transmission and distribution or T&D projects in the overseas market involving engineering, procurement and construction of transmission lines and substations, according to an exchange filing on Monday.
"With year-to-date order inflows close to Rs 9,200 crore, we continue to build a project portfolio that supports profit-led growth," Chief Executive Officer Randeep Narang said.
The Mumbai-based firm, is an EPC player in the transmission and distribution segment, along with civil, railways, and poles and lighting, having a footprint across 59 countries, he added.
The company has completed more than 200 projects in power transmission and distribution vertical, along with comprehensive and extensive project execution capabilities in terms of manpower, supply of materials (including self-manufactured products).
Shares of Transrail Lighting closed 0.87% to Rs 507 apiece on the NSE, compared to a 0.32% advance in the benchmark Nifty.
(With inputs from PTI)
