Transrail Lighting, a leading turnkey engineering, procurement, and construction (EPC) company, has announced fresh order wins amounting to INR 548 crore, marking yet another milestone in its growth trajectory. The new projects include a major international transmission line EPC contract in a new country within the Middle East and North Africa (MENA) region, further broadening the company’s global presence.
With these additions, Transrail’s cumulative order inflows for FY26 have surged past INR 4,285 crore, reflecting continued business momentum and diversification across key sectors, including power transmission & distribution (T&D), civil, railways, poles & lighting, and solar EPC. Additionally, the company holds an L1 position worth INR 2,575 crore, which provides substantial visibility into future revenues and order conversion for the remainder of the fiscal year.
Strategic Expansion and Business Strength
In a statement to the exchanges, Mr. Randeep Narang, Managing Director and Chief Executive Officer of Transrail Lighting, emphasized the strategic significance of the new wins.
“We are pleased to announce new order wins of INR 548 crore, which also mark our entry into a new country in the MENA region with a major T&D project. This, along with additional orders in the Railway and Poles & Lighting businesses, reflects the growing strength of our diversified capabilities. With cumulative FY26 inflows now at more than INR 4,285 crore and a further L1 position of INR 2,575 crore, we continue to strengthen our visibility for the coming quarters. We remain focused on selective bidding, disciplined execution, and expanding our footprint across priority geographies,” Narang said.
The development signals Transrail’s continued evolution as a major player in international EPC markets, leveraging its long-standing experience and integrated manufacturing capabilities to secure complex, high-value projects.
Transrail Lighting Market Response and Financial Performance
The announcement triggered a positive reaction in the stock market, with Transrail Lighting’s shares rising over 3% intraday on both the BSE and NSE. The stock touched a high of INR 652.55 per share before closing at INR 648.85 apiece, up 2.66% on the day.
Analysts attributed the gain to strong order inflow visibility and consistent quarterly performance. Over the past six months, the stock has climbed approximately 14%, supported by robust financial results and a strengthening order book. The company currently boasts a market capitalization exceeding INR 8,600 crore.
In the recently concluded Transrail Lighting Q2 FY26, Transrail reported a 65% year-on-year rise in consolidated net profit to INR 91 crore, driven by a 43% increase in revenue to INR 1,561 crore. EBITDA grew 34% to INR 186 crore, though margins narrowed slightly to 11.93% due to input cost pressures and a shifting project mix.
The company’s Unexecuted Order Book (UEOB) stood at INR 15,117 crore as of 30 September 2025, up 46%year-on-year. Including L1 positions, the total order pipeline reached INR 17,799 crore, underscoring Transrail’s strong visibility for future execution.
Global Footprint and Business Overview of Transrail Lighting
Headquartered in Mumbai, Transrail Lighting has established itself as a global EPC enterprise with a footprint across 60 countries spanning five continents. The company’s core competencies span design, engineering, manufacturing, construction, and testing services, delivered through specialized verticals such as Power Transmission & Distribution, Civil Infrastructure, Railways, Poles & Lighting, and Solar EPC.
Its manufacturing ecosystem in India includes large-scale facilities for galvanized lattice towers, overhead conductors, and monopoles, backed by a state-of-the-art tower testing facility. These assets enhance Transrail’s ability to deliver integrated turnkey projects and maintain quality leadership in the highly competitive EPC sector.
Outlook: Steady Momentum Ahead
The latest order wins underline Transrail’s disciplined project selection and execution efficiency, reinforcing its position as a key beneficiary of India’s and global markets’ infrastructure growth. With a healthy mix of domestic and international contracts, robust financials, and continued geographic expansion, the company appears well-positioned to sustain its growth trajectory in FY26 and beyond.
As Transrail continues to deepen its presence in the MENA region and diversify across allied infrastructure verticals, the firm’s strategy of controlled expansion and operational excellence could serve as a model for mid-cap engineering companies aiming for global scale.
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