Transrail Lighting Share Price Rises After Securing Rs 459 Crore Overseas Orders
Transrail Lighting's share price rose nearly 4% following the announcement of new international orders worth approximately Rs 459 crore, primarily in the Transmission Distribution (T&D) sector in the Middle East and North Africa region. These orders have increased the company's total order inflow for the year to Rs 1,034 crore, with an additional L1 position of around Rs 400 crore. CEO Randeep Narang highlighted the company's strong order book and bidding pipeline, positioning it for sustained growth despite a recent decline in quarterly net profit and revenue.