Transrail Lighting

Transrail Lighting secured fresh orders worth ₹927 crore, mainly for 765kV and 400kV domestic transmission-line EPC projects alongside conductor supplies to the US. Cumulative order intake for the year rose to ₹3,356 crore, up from ₹2,429 crore on 14 October. The company had won ₹574 crore of domestic T&D orders on 30 September, followed by ₹412 crore on 6 October and ₹408 crore on 14 October. Transrail reported consolidated revenue of ₹6,880 crore in FY26 with an unexecuted order book of ₹16,035 crore in the first quarter of FY27. Tower capacity stood at 184,400 MTPA after the partial Silvassa brownfield commissioning on 30 September, while installed conductor capacity had risen to 40,800 km per annum on 21 September.

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Transrail Lighting's board approved the proposed acquisition of a 49% equity stake in NOPL Pace Green Energy Private Limited for Rs20 crore in cash, subject to requisite approvals and agreed conditions. NOPL was developing an aggregate solar portfolio of about 990 MW (AC) in Maharashtra under Component C of the PM-KUSUM scheme, backed by a 25-year power purchase agreement with Maharashtra State Electricity Distribution Company at a fixed tariff of Rs3.10 per unit, with an indicative project cost of about Rs3,900 crore and debt financing sanctioned subject to disbursement conditions. The structure gave Transrail financial and project management control under its arrangements with Onix Renewable Limited and allowed it to raise the holding to up to 100% on mutually agreed terms and approvals. Transrail was a turnkey engineering, procurement and construction company focused on power transmission and distribution, with consolidated revenue of Rs6,880 crore in FY26 and transmission and distribution accounting for about 90-93% of its unexecuted order book. It operated across 64 countries with more than 2,800 employees and owned integrated tower, conductor, pole and testing capacity, including tower capacity of 184,400 MTPA and conductor capacity of 40,800 km per annum after the recent Silvassa expansions.

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Transrail Lighting received new orders worth Rs.408 crore, led by a greenfield gas-insulated substation EPC project in the MENA region alongside domestic orders. Year-to-date order intake stood at Rs.2,429 crore, with Rs.1,394 crore accumulated in the last fortnight. The award followed a Rs.412 crore domestic reconductoring order on 6 October and a Rs.574 crore domestic transmission order on 30 September. The company reported consolidated revenue of Rs.6,880 crore in FY26 and an unexecuted order book of Rs.16,035 crore at the end of the June quarter. Its tower manufacturing capacity stood at 1,84,400 MTPA with conductor capacity at 40,800 km per annum after the Silvassa expansions.

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Transrail Lighting secured new orders worth ₹412 crore in its core transmission and distribution business, centred on domestic transmission line reconductoring using high-performance carbon-core HTLS conductors manufactured in-house. Order intake for the year to date rose to ₹2,021 crore, with a further ₹409 crore of work ranked at lowest-bidder stage. Days earlier, the company had won more than ₹574 crore of similar reconductoring work using carbon-core conductors from Silvassa, which had taken year-to-date intake to ₹1,609 crore with ₹694 crore at lowest-bidder stage. Transrail operated as a turnkey power transmission builder with integrated tower, conductor, pole and testing plants, with tower capacity at 184,400 MTPA and conductor capacity at 40,800 KMPA after brownfield expansions at Silvassa. Consolidated revenue was ₹6,880 crore in FY26, with power transmission accounting for around nine-tenths of an unexecuted order book of ₹16,035 crore.

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** Shares of India's Transrail Lighting TRNR.NS rise 4.4% to 482.55 rupees

** Construction and engineering co receives orders worth 4.12 billion rupees ($42.76 million)

** Co says total order intake rose to 20.21 billion rupees post new orders intake; has further L1 orders worth 4.09 billion rupees

** Order wins mainly includes transmission lines upgrade projects in domestic market, TRNR says

** Stock down 14.72% YTD

($1 = 96.3550 Indian rupees)

(Reporting by Anushka Rajvedi in Bengaluru)

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Transrail Lighting secured new orders worth more than ₹574 crore, concentrated in domestic transmission and distribution work including reconductoring of transmission lines with carbon-core HTLS conductors made at its Silvassa plant. The awards also covered engineering, procurement and construction of transmission lines, supply of poles and an EPC transmission-line contract from a large private-sector developer. Order intake for the year reached ₹1,609 crore, with a further ₹694 crore of bids where the company ranked L1. Fresh orders had stood at ₹1,034 crore in the first quarter with L1 of ₹400 crore and an unexecuted order book of ₹16,035 crore. Conductor capacity at Silvassa had been raised 70% to 40,800 km per annum in September, while tower manufacturing capacity had doubled to 172,400 MTPA. Revenue was ₹6,880 crore in the year to March.

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Sept 30 (Reuters) - Transrail Lighting Ltd TRNR.NS:

• INCREASES TOWER MANUFACTURING CAPACITY BY ANOTHER 12,000 MTPA

Source text: ID:nnAZN4TMWYE

Further company coverage: TRNR.NS

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** Shares of Transrail Lighting TRNR.NS jump more than 4% to 433.50 rupees

** On track for biggest intraday percentage gain since May 26, 2025

** Power transmission and distribution firm completes phase 1 of brownfield expansion at its Silvassa conductor manufacturing facility, increasing capacity by 70%

** Co says phase 2 expansion is underway

** Stock down 22.2% YTD

(Reporting by Payel Das in Bengaluru)

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Sept 21 (Reuters) - Transrail Lighting Ltd TRNR.NS:

• TRANSRAIL LIGHTING - INCREASES CONDUCTOR MANUFACTURING CAPACITY BY 70% TO 40,800 KM/ANNUM

Source text: ID:nBSE7zJ7XD

Further company coverage: TRNR.NS

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Aug 6 (Reuters) - Transrail Lighting Ltd TRNR.NS:

• TRANSRAIL LIGHTING JUNE-QUARTER CONSOL NET PROFIT 1.08 BILLION RUPEES

• TRANSRAIL LIGHTING JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 17.02 BILLION RUPEES

• TRANSRAIL LIGHTING - APPROVES REAPPOINTMENT OF DIGAMBAR CHUNNILAL BAGDE AS EXECUTIVE CHAIRMAN

Source text: ID:nBSE4qPxD

Further company coverage: TRNR.NS

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Transrail Lighting’s board approved a qualified institutions placement to raise up to ₹600 crore, alongside an interim dividend of ₹3 per share for FY27, and added drones, solar storage, and data centres to its company objects. The QIP, the first equity raise since its ₹450 crore initial public offering in December 2024, will be used for general corporate purposes. Revenue for FY26 stood at ₹6,880 crore, up 30% year on year, while the order book of ₹16,361 crore provides strong near-term visibility. The interim dividend compares with a final dividend of ₹2 per share declared for the previous financial year.

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Transrail Lighting's board declared an interim dividend of ₹3 per share for the financial year ending March 2027, up from ₹2 in the previous year. It also approved a qualified institutions placement of up to ₹600 crore, the company's first major equity issuance since its ₹450 crore initial public offering in December 2024, to finance capacity expansion and working capital. The board further altered the memorandum of association to permit entry into drones, battery energy storage, electric-vehicle charging infrastructure and data centres, signalling a diversification beyond its core transmission and distribution EPC business. Additionally, it cleared a further AED 15.3 million investment in wholly owned subsidiary Transrail Trading LLC, raising the total committed capital in the UAE unit to AED 28.3 million. Transrail Lighting ended FY26 with revenue of ₹6,880 crore, net debt of ₹274 crore and an order book of about ₹16,361 crore. The company guided for 20-22% revenue growth in FY27 with an Ebitda margin of around 11%.

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July 28 (Reuters) - Transrail Lighting Ltd TRNR.NS:

• TRANSRAIL LIGHTING - DECLARES INTERIM DIVIDEND OF 3 RUPEES PER SHARE FOR FY2026-27

• TRANSRAIL LIGHTING - APPROVES FUNDRAISE UP TO 6 BILLION RUPEES VIA QUALIFIED INSTITUTIONS PLACEMENT

• TRANSRAIL LIGHTING - APPROVES FURTHER INVESTMENT OF AED 15,300,000 IN UNIT TRANSRAIL TRADING

Source text: ID:nBSE8GSzvp

Further company coverage: TRNR.NS

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Transrail Lighting will hold a board meeting on July 28 to consider a proposal to raise funds through a qualified institutions placement of equity shares or other eligible securities, the company informed exchanges on Wednesday. The board will also consider declaring an interim dividend for the financial year 2026-27 and fixing the record date. The company did not disclose the size of the planned fundraise.

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Transrail Lighting has won new international orders worth ₹459 crore, primarily for the construction of transmission lines in the Middle East and North Africa region. The wins are in the company's core transmission and distribution business and add to an already strong unexecuted order book. With these orders, the company's order inflow for the current financial year has reached ₹1,034 crore, while it also holds an L1 position of about ₹400 crore.

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June 22 (Reuters) - Transrail Lighting Ltd TRNR.NS:

• TRANSRAIL LIGHTING - APPROVES ACQUISITION OF 100% EQUITY STAKE IN GACTEL TURNKEY PROJECTS

Source text: ID:nBSEc0M0dD

Further company coverage: TRNR.NS

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** Shares of Transrail Lighting TRNR.NS fall 5.2% to 492.3 rupees, set to snap four session gaining streak

** Heavy electrical equipment maker's Q4 consol net profit falls 24.1% Y/Y to 965 mln rupees ($10.1 mln)

** Q4 consol revenue down 3.9% Y/Y to 18.31 bln rupees

** YTD, TRNR down ~12%

($1 = 95.7600 Indian rupees)

(Reporting by Vijay Malkar)

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May 21 (Reuters) - Transrail Lighting Ltd TRNR.NS:

• TRANSRAIL LIGHTING LTD - GETS TAX DEMAND OF 82.3 MILLION RUPEES AND PENALTY OF 427.4 MILLION RUPEES

Source text: ID:nNSE3rKNBB

Further company coverage: TRNR.NS

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May 19 (Reuters) - Transrail Lighting Ltd TRNR.NS:

• TRANSRAIL LIGHTING LTD - TO CONSIDER FUND RAISING VIA ISSUANCE OF DEBT SECURITIES IN ONE OR MORE TRANCHES

Source text: ID:nBSE68GxZw

Further company coverage: TRNR.NS

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April 21 (Reuters) - Transrail Lighting Ltd TRNR.NS:

• TRANSRAIL LIGHTING LTD - COMPLETES GREENFIELD EXPANSION AT BUTIBORI; STARTS COMMERCIAL PRODUCTION

• TRANSRAIL LIGHTING - INCREASES TOWER MANUFACTURING CAPACITY TO 172,400 MTPA FROM 84,000 MTPA

Source text: ID:nBSE7XdKLs

Further company coverage: TRNR.NS

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March 30 (Reuters) - Transrail Lighting Ltd TRNR.NS:

• SEARCH AND SEIZURE PROCEEDINGS CONCLUDED ON MARCH 28, 2026

Source text: ID:nBSE9Qg34p

Further company coverage: TRNR.NS

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** Shares of Transrail Lighting TRNR.NS drop 2% to 487.95 rupees

** The power transmission lines developer says India's Income Tax department has been conducting searches at its offices and factories since Tuesday

** TRNR says its officers have been complying with the IT department

** Stock was up 2.6% ahead of the news

** So far this year, TRNR shares are down 12.3%

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of India's Transrail Lighting jump 8.2% to 536.80 rupees

** Engineering and construction coposted ~18% y/y rise in quarterly profit to 1.09 billion rupees ($12.07 million) on Monday

** Co said profit led by order wins especially in the core Power T&D segment in India and overseas

** Trading vols at 804,926 shares vs the 30-day-avg of 689,550 shares

** TRNR gained about 3% in 2025, stock down ~11% so far in 2026

($1 = 90.3060 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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** Transrail Lighting TRNR.NS gains 1.6% to 494.20 rupees

** Engineering and construction co wins new orders worth 5.27 billion rupees ($58.1 million)

** Says orders span Middle East, Africa, India, expanding its transmission and lighting businesses

** More than 1.56 million shares traded vs 30-day avg of 699,741

** TRNR rose ~3% in 2025

($1 = 90.6800 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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** Shares of India's Transrail Lighting TRNR.NS rise 2.3% to 646 rupees

** The construction firm said it won new orders worth 5.48 billion rupees ($61.8 million), entered a new country in the Middle East and North Africa (MENA) region

** YTD stock up ~20%

($1 = 88.6725 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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Aug 21 (Reuters) - Transrail Lighting Ltd TRNR.NS:

• WINS 8.37 BILLION RUPEES T&D ORDERS

Source text: ID:nNSE72Hgl3

Further company coverage: TRNR.NS

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** Transrail Lighting TRNR.NS shares rise 10.5% to 779.85 rupees

** Co's Q1 consol net profit doubled Y/Y to 1.06 bln rupees ($12.1 mln), consol revenue jumps 82.5% Y/Y to 16.37 bln rupees, order intake grew 72% Y/Y to 17.48 bln rupees

** Trading volume at 5.1 mln shares so far, nearly 2x 30-day average

** YTD, TRNR up about 44%

($1 = 87.7430 Indian rupees)

(Reporting by Vijay Malkar)

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Aug 5 (Reuters) - Transrail Lighting Ltd TRNR.NS:

• TRANSRAIL LIGHTING JUNE-QUARTER CONSOL NET PROFIT 1.06 BILLION RUPEES

• TRANSRAIL LIGHTING JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 16.37 BILLION RUPEES

Source text: ID:nNSEh0YY3

Further company coverage: TRNR.NS

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** Shares of Transrail Lighting Ltd TRNR.NS rise as much as 8.8% to 694.9 rupees
** Engineering co secures orders worth 5.34 bln rupees ($62.5 mln) across domestic and international geographies
** More than 5.7 mln shares traded as of 2:27 p.m. IST, 4.5x their 30-day moving avg
** TRNR last up 3.3%, adding to YTD gains of 18.2%

($1 = 85.5120 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

** Shares of Transrail Lighting TRNR.NS rise as much as 9.2% to 494.70 rupees

** Engineering and construction co on Monday said it has won new orders worth 10.85 bln rupees ($126.6 mln)

** Since listing in late December last year, stock has fallen 17%

($1 = 85.6920 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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