Transrail Lighting Limited has secured new international orders worth approximately ₹459 crore in the Transmission & Distribution (T&D) business, primarily in the MENA region. These EPC projects for the construction of transmission lines strengthen the company's unexecuted order book and reinforce its position as a prominent T&D EPC player in global markets. The order wins reflect the confidence customers place in the company's engineering and execution capabilities.

With this development, Transrail Lighting's order inflow for the year has reached ₹1,034 crore. Additionally, the company holds an L1 position of around ₹400 crore. The company continues to maintain a healthy bidding pipeline across both domestic and international markets, supporting its long-term growth outlook.

Order Book Details

The latest order wins contribute meaningfully to the company's overall order pipeline, as reflected in the key metrics below:

Management Commentary

Mr. Randeep Narang, MD & CEO, stated that the order wins further strengthen the company's position in the international T&D market. He emphasized that a strong unexecuted order book and a healthy bidding pipeline position the company well to sustain its growth momentum, while maintaining a focus on profitable growth and operational excellence.

Transrail Lighting has approved the acquisition of a 100% equity stake in Gactel Turnkey Projects Limited for an aggregate consideration not exceeding ₹10 crore. The Board of Directors granted this approval on June 22, 2026, to strengthen the company's engineering and execution capabilities in the industrial cooling solutions segment. The transaction is classified as a Related Party Transaction as both entities are fellow subsidiaries of Ajanma Holdings Private Limited and will be executed at arm's length based on an independent valuation report.

Acquisition Details

The deal involves the purchase of 50,00,000 equity shares of ₹10 each. The acquisition is expected to be completed within 4 months, subject to the execution of a Share Purchase Agreement and customary closing conditions. No governmental or regulatory approvals are required for the transaction. Upon completion, Gactel Turnkey Projects Limited will become a wholly owned subsidiary of Transrail Lighting.

Strategic Rationale

Gactel Turnkey Projects Limited, incorporated on May 17, 1995, specializes in turnkey industrial cooling solutions, including wet cooling towers, dry cooling systems, and air-cooled condensers. The acquisition is expected to enhance Transrail Lighting's end-to-end EPC capabilities, specifically in Induced Draft Cooling Towers (IDCTs) and the maintenance of old cooling towers and chimneys. The target entity reported a turnover of ₹0.58 Crore for FY 2025-26.

Key Management Change

Simultaneously, the board noted the resignation of Mr. Raman Rajagopalan, Deputy Managing Director, effective July 31, 2026. He cited personal commitments requiring relocation to Chennai to be closer to his parents as the reason for his departure. The resignation was accepted and approved by the Nomination & Remuneration Committee and the Board of Directors.