Transrail Lighting shares extended rally in Tuesday's trading session to rise over 9 percent after the recently listed company won an order worth Rs 1,085 crore.
The company in an exchange filing, said "Transrail Lighting Limited has secured new orders worth Rs 1,085 crore in the domestic market."
Transrail is one of the leading engineering, procurement and construction companies with primary focus on power transmission and distribution business.
Shares of Transrail Lighting took a cue from a major order win and surged 9.37 percent to hit an intraday high of Rs 495.7 per share on the NSE. The stock had opened with a gain of 5.68 percent today. The counter has been gaining for the last two days and is up nearly 11 percent.
The shares of the company had settled 2.63 percent higher in the previous trading session on April 11 (Friday). The stock markets were shut for a day in India on Monday.
On the company's new order win, Randeep Narang, MD & CEO said, "We are pleased to begin the financial year with this new order in our core T&D segment. This addition reinforces our position in the market and aligns with our strategic focus on continued growth. We remain committed to maintaining operational excellence and ensuring timely project delivery."
The shares of the company made their stock market debut in December 2024, listing at Rs 590 on the NSE, marking a premium of 37 percent over the issue price of Rs 432 per share.
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