Transrail Lighting Share Price Rises 6% Post Securing ₹2,752 Crore Worth Orders

Market Performance

Transrail Lighting's share price rose by over 6% in early trading on Friday following the announcement of significant new orders in the Transmission & Distribution (T&D) segment. The stock increased by 6.7%, reaching ₹516.65 per share on the BSE. However, despite this rise, the stock has fallen by 3% over the past month and more than 11% yearly.

Order Book Expansion

Transrail Lighting has secured new orders amounting to ₹2,752 crore, primarily from its T&D business. With this development, the company's order book has surpassed ₹7,400 crore.

Company Overview

Transrail Lighting is a prominent EPC player in the T&D sector, with additional presence in Civil, Railway, and Poles and lighting projects across 58 countries. The company has completed over 200 power transmission and distribution projects and possesses extensive project execution capabilities, including self-manufactured materials and a skilled workforce.

Stock Market Performance

Transrail Lighting made its stock market debut in December 2024, listing at ₹585.15 per share on the BSE and ₹590 per share on the NSE, offering around a 36% listing gain. Since its peak of ₹719.15 on January 6, 2025, the stock has declined, reaching a low of ₹465.20 on February 27, 2025. Transrail Lighting shares are trading approximately 20% higher than their issue price but remain over 11% lower than their listing price.

At 9:35 AM on February 28, 2025, Transrail Lighting shares were trading 2.44% higher at ₹496.00 per share on the BSE.

Summary

Transrail Lighting has strengthened its market position by securing new orders worth ₹2,752 crore, pushing its total order book beyond ₹7,400 crore. While the stock has faced declines over the past months, recent developments have led to a short-term rise in its share price. The company maintains a strong presence in the EPC sector and has extensive project execution capabilities.