Transrail Lighting shares jumped 9% to a high of Rs 494.65 on 21 October after securing new power transmission orders worth Rs 927 crore.

In a press release on 21 October, Transrail Lighting Ltd said the new orders come mainly from its India business in power transmission and distribution, or T&D.

Put simply, that is the work of moving electricity from power plants to towns and factories.

Two kinds of jobs are in the mix. The first covers EPC projects for 765 kV and 400 kV transmission lines in India.

These are high-voltage lines that carry power over long distances, and the higher the kV number, the stronger the line.

Under EPC, the company designs the project, buys the material and builds it.

The second job is supplying conductors to the US. Conductors are the metal cables strung between transmission towers.

Managing Director and CEO Randeep Narang said the wins reflect the firm’s ‘growing scale and competitiveness in the power T&D sector’.

The company makes its own towers and conductors, which it says helps it win complex line projects.

The latest batch lifts orders won this financial year to Rs 3,356 crore. More than Rs 2,300 crore of that came in just the past three weeks.

Early in October, the company also announced Rs 412 crore of orders, mostly to upgrade existing power lines with its own high-capacity cables.

There was also news on the expansion front. On 19 October, the board approved buying a 49% stake in NOPL, as the company plans to enter renewable energy.

At 11:04 am, it’s trading at Rs 467.90 on NSE, up by 3.80% from the previous close of Rs 450.75, well below the morning peak of Rs 494.65.

The stock has gained 12.82% over a month. Over one year, though, it has lost 37.67%.

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