newsmetry
rusign inget started
energy

Transrail Lighting shares jump 10% on Rs.927 crore in new orders

Transrail Lighting won Rs.927 crore in orders and approved a 49% stake in a 990 MW solar project. Reported by Moody's, citing Mint.

published on Newsmetry
original source published

the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →

Newsmetry newsroom

what happened

Shares of India's Transrail Lighting rose almost 10% on Wednesday, 21 October, after the company announced new orders worth Rs.927 crore. Most of the work is in power transmission and distribution in India, mainly engineering, procurement and construction (EPC) contracts for 765 kV and 400 kV transmission lines, plus conductor supply orders from the US. The company's order intake for the year has reached Rs.3,356 crore, and it has announced more than Rs.2,300 crore of orders over the past three weeks.

The board also approved buying a 49% equity stake in NOPL Pace Green Energy for a cash payment of Rs.20 crore, subject to approvals. NOPL is developing a 990 MW (AC) solar portfolio in Maharashtra under the PM-KUSUM scheme, backed by a 25-year power purchase agreement with MSEDCL at Rs.3.10 per unit. The indicative total project cost is about Rs.3,900 crore, and the agreement allows Transrail to raise its holding potentially to 100%.

why it matters

Two points matter for investors: the growing order book and the expansion of tower and conductor manufacturing, which the company expects to exceed 200,000 tonnes a year once its capex plan is complete. The solar deal takes the company beyond EPC work. Analysts quoted in the report noted strong buying in the first hour of trading, while weekly charts still show a sideways pattern.

market impact

Transrail Lighting: new orders and capacity growth support interest in the stock; India's power T&D sector

tags

StockIndiaMergerAcquisition

instruments

Transrail LightingBSEИндийский рынок акций

sources

  1. Transrail Lighting shares jump 10% | Rs.927 crore order wins, 990 MW solar deal in focus - what investors should know — Moody's, 21 October 2026 at 08:07 UTC
  2. Transrail Lighting shares skyrocket 10% | Rs.927 cr order wins, 990 MW solar deal in focus - what investors should know — Moody's, 21 October 2026 at 08:06 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.

get stories in real time ↗

related stories