In a regulatory filing, Transrail Lighting has disclosed that the company bagged fresh orders worth INR 1,647 crore. The new deals include major Letters of Award (LOAs) for Transmission and Distribution (T&D) projects in international markets which marks the company’s presence in 59 countries and growth in the global EPC space.
Strong Performance on the Back of Global Opportunities
These orders add to Transrail’s strong performance in FY25 with YTD order inflows nearing INR 9,200 crore. The company is successfully leveraging both domestic and international opportunities and is taking a balanced and strategic approach to portfolio diversification.
Management Speak
Mr Randeep Narang, Managing Director and Chief Executive Officer of Transrail Lighting said:
“These orders of INR 1,647 crore further solidify our position in T&D and showcase our international capabilities. With YTD order inflows of INR 9,200 crore, we are building a robust project portfolio for profit-led growth. This mix of domestic and international projects is a reflection of our strategy to expand globally and strengthen our presence in India. Going forward we will focus on flawless execution and capitalize on emerging opportunities.”
Back-to-Back Successes
This is the second big win in a row for the company after bagging orders worth INR 2,752 crore in February 2025. With these orders in hand, Transrail is well on track to achieve its target of INR 5,000 crore to INR 6,000 crore for FY25.
Transrail’s edge lies in its integrated manufacturing capabilities. The company has large-scale facilities in India for galvanized lattice towers, overhead conductors and galvanized monopoles and a world-class tower testing facility. These assets provide cost competitiveness, operational efficiency, timely execution and customer satisfaction across its portfolio.
Company Standing and Growth Strategy
Transrail Lighting is one of the top EPC companies in India, with turnkey solutions in power T&D, civil infrastructure, railways, poles & lighting and solar EPC. With over 40 years of experience, the company’s expertise lies in design, engineering, manufacturing and project execution. Its global presence in 5 continents makes Transrail a formidable company to handle international projects. The company is exploring new markets and setting up new manufacturing units to meet the growing demand.
About Transrail Lighting
Headquartered in Mumbai, Transrail Lighting is a global EPC giant with a presence in over 59 countries. The company has over 1,900 employees and 40 years of industry leadership. The company’s core businesses include power transmission and distribution, civil construction, railways, poles & lighting and solar EPC projects. With integrated manufacturing facilities and a well-recognized tower testing setup, Transrail is poised to develop infrastructure in India and globally.
Transrail Lighting launched its IPO on 19 December 2024, the issue got a welcoming response from the investors and the issue was oversubscribed to 80.78X. The listing performance is as impressive as the subscription, it was listed with a 28.14% return on investment.
Transrail shares touched an all-time high of INR 677.15 per share on 9 Jan 2025, reflecting an impressive return of 56.74%. Currently, the stock is trading around INR 505 per share (at a discount of 25% from its peak).
Market Reaction and Investor Sentiment
On 19 March 2025, Transrail Lighting shares soared 4% following the news. At the time of writing the story, Transrail shares were trading around INR 510 per share, up by ~18% from its allotment price. With a growing order book, expanding manufacturing capacity and proven execution capabilities, Transrail continues to be a good long-term bet for investors.
Future Outlook
Experts suggest that Transrail’s backward integration, diversification and competitive pricing will help the company to benefit from the growing global demand for T&D and infrastructure projects. The management’s clear roadmap and execution track record point towards growth and leadership in the coming quarters.
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