Transrail Lighting shares surged 10% following the announcement of new orders worth more than ₹574 crore in the core domestic Transmission & Distribution (T&D) business. According to a regulatory filing, the order wins include engineering, procurement and construction (EPC) of transmission lines and transmission line reconductoring projects with supply of HTLS Conductors from the company's factories, along with supply of poles. The company also secured an EPC contract for the construction of a transmission line from a very large private-sector Indian developer. As per CNBC TV18, the orders have a major contribution from reconductoring projects using carbon-core HTLS conductors manufactured at its Silvassa plant, highlighting the company's capabilities in HTLS conductor manufacturing and stringing.
With these latest wins, Transrail Lighting's order intake for the year grew to ₹1,609 crore. The company also disclosed that there are additional ₹694 crore worth of orders where the company is the lowest bidder (L1). As reported by the company, this strong order book performance reflects continued confidence from marquee customers in the company's engineering, manufacturing and execution capabilities in the T&D sector. The company noted that the new orders highlight its capabilities in HTLS conductor manufacturing and stringing, along with the benefit of its recently expanded conductor manufacturing capacity.
The company has significantly expanded its manufacturing capabilities to support its growing order book. Transrail increased its conductor manufacturing capacity by 70% to 40,800 KMPA, while doubling its tower manufacturing capacity to 172,400 metric tonnes per annum (MTPA) to cater to its growing order book. This capacity expansion positions the company well to handle increased demand from both domestic and international markets. The company continues to have a healthy bidding pipeline across domestic and international markets, supported by its order book and increased manufacturing capacities.
Randeep Narang, MD & CEO, commented on the development, stating that the latest order wins reflect continued confidence from marquee customers in the company's engineering, manufacturing and execution capabilities. According to the MD & CEO, he is particularly thrilled for the HTLS reconductoring jobs won, as it demonstrates not just construction excellence but also the company's advanced product range. Narang noted that with a strong order book and healthy bidding pipeline, coupled with increased manufacturing capacities across towers and conductors, the company continues to see significant opportunities for sustainable growth. He emphasized that the company continues to see significant opportunities for sustainable growth for Transrail.
At around 3:14 PM, Transrail Lighting shares were trading 5.8% higher at ₹477.65 per unit, having gained as much as 10.3% to an intraday high of ₹498 on Wednesday. The stock has extended its gaining streak to two days following the order announcement. However, on a year-to-date basis, it has declined 14% and about 34% in the last 12 months. According to data on the NSE, the company has a total market capitalisation of ₹6,385.22 crore as of September 30, 2026. The stock hit a 52-week high of ₹766.80 per equity share on October 8, 2025, while touching a year's low of ₹400.65 apiece on September 16, 2026.
