Transrail Lighting hit a day high of Rs 498 on 30 September, up over 10%, after the firm won fresh orders worth more than Rs 574 crore.

Transrail Lighting Limited told the exchanges on 30 September that it has bagged new domestic orders in its transmission and distribution business, the part of the power sector that carries electricity from plants to homes and factories.

The orders come in three types. First, the company will build transmission lines, the tall towers and wires that move power over long distances, under engineering, procurement and construction (EPC) contracts.

One comes from a large private-sector Indian developer. Second, it will swap the wires on existing lines, a job called reconductoring, using HTLS conductors.

These are newer wires built to handle high heat and sag less. The company makes the carbon-core versions at its Silvassa plant, and this work made a major contribution to the total.

Third, it will supply poles. Together, they are worth more than Rs 574 crore. That lifts its order intake for the year to Rs 1,609 crore.

Another Rs 694 crore of orders sit with the company as the lowest bidder, known as L1, which is not the same as a confirmed win.

To handle the work, it has doubled its tower manufacturing capacity to 172,400 tonnes a year and lifted conductor capacity by 70% to 40,800 km a year. It still sees a healthy pipeline of bids at home and abroad.

Managing Director and CEO Randeep Narang said the wins show customers trust the firm’s engineering, manufacturing and execution skills.

At the close, shares settled at Rs 476.40 on the NSE, up by 5.48% from the previous close of Rs 451.65.

About 67.39 lakh shares changed hands. It’s up 8.22% over the past month, though it is still down 14.97% so far this year.

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