Transrail Lighting shares gain 5.5% after bagging new orders worth ₹534 crore
Published on 03/06/2025 09:47 AM
Transrail Lighting shares gain 5.5% after bagging new orders worth ₹534 croreTransrail Lighting made its debut on the exchanges on December 27, 2024, at ₹590, with a premium of 36% compared to its IPO price of ₹432 apiece.By Shloka Badkar June 3, 2025, 9:47:11 AM IST (Updated)2 Min ReadShares of Transrail Lighting Ltd. gained over 5% on Tuesday, June 3, after the company on Monday said it secured fresh domestic and international orders worth ₹534 crore.
Randeep Narang, the company's MD and CEO, said the firm is beginning the new financial year with a steady build-up in order inflows, led by wins in its core transmission and distribution segment.
"These new orders also include our biggest substation job which we are going to execute in Africa," he said.
The company's order intake for the financial year 2026 has already crossed ₹1,600 crore, Narang added.
Earlier this year, Narang had told CNBC-TV18 that the company was planning a new manufacturing unit to meet the rising demand.
The stock made its debut on the exchanges on December 27, 2024, at ₹590, with a premium of 36% compared to its IPO price of ₹432 apiece.
The company had offered its shares in the ₹410-432 per share price band with a lot size of 34 shares. It garnered ₹839 crore from its issue, which comprised a fresh sale of ₹400 crore and an offer for sale (OFS) of up to 1,01,60,000 equity shares.
Shares of Transrail Lighting Ltd gained 5.5% to hit an intraday high of ₹637.75 apiece on Monday, June 2. The stock has gained 33.7% in the past month.
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