New orders worth ₹ 408 crore received; year-to-date order intake at ₹ 2,429 crore
New orders worth ₹ 408 crore received, mainly a GIS substation EPC project in the MENA region plus a few other domestic orders.
By ScoutQuest · · 2 min read
- New Orders Received
- ₹ 408 crore
- Year-to-Date Order Intake
- ₹ 2,429 crore
- Orders in Last Fortnight
- ₹ 1,394 crore
Order wins announced
- The company said it has received new orders worth ₹ 408 crore, which it said has further strengthened the orderbook position of the company.
- It also informed that all the orders mentioned in the press release have been received in the normal course of business.
Where the orders come from
- The order wins mainly consist of a GIS substation (Gas Insulated Substation) EPC project in the MENA region, apart from a few other domestic orders.
- The company said this win highlights the wide technical and operational skill sets it possesses and the confidence placed by international clients on it for high technology projects.
Year-to-date picture
- With these new orders, the year-to-date order intake position stands at ₹ 2,429 crore.
- The MD & CEO said that in the last fortnight alone the company has accumulated orders worth ₹ 1,394 crore, taking the YTD order inflow to ₹ 2,429 crore.
- Among these new order wins of ₹ 408 crore, the major order is a Greenfield EPC job of a substation project in the MENA region, which the company said is on advanced gas insulated technology.
What management said
- Mr. Randeep Narang, MD & CEO, said the company continues to garner new orders on the back of the increasing T&D spends worldwide.
- He added that the company continues to grow in a balanced manner both in domestic and international markets across its products and services.
About the company (as given in the release)
- Transrail is described as a leading turnkey engineering, procurement and construction (EPC) company with primary focus on the power transmission and distribution business, with 4 decades of experience.
- Headquartered in India, it is described as a global enterprise with a footprint in more than 60 countries across 6 continents, offering turnkey solutions from designing, engineering, supply, manufacture, construction and testing services.
- Its business verticals include Transmission Lines, Substations, Civil Construction, Railways, Solar, and Pole & Lighting, with large scale manufacturing facilities in India for Galvanized Lattice Towers, Overhead Conductors including HTLS and Galvanized Monopoles.
How to read this
- Orders received are additions to the order book — the work the company has lined up to execute over time. The release states these were received in the normal course of business.
- The numbers to note are the value of the new orders, ₹ 408 crore, and the cumulative year-to-date intake of ₹ 2,429 crore.
- The release points to the MENA region as the main source of the larger order, along with domestic orders.
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More numbers
- New orders received₹ 408 crore
- Year-to-date order intake₹ 2,429 crore
- Orders accumulated in the last fortnight₹ 1,394 crore
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