Hirect Limited Wins First Vande Metro Order Worth ₹60 Crore from Indian Railways

Hirect Limited (formerly known as Hind Rectifiers Limited; BSE: 504070, NSE: HIRECT) announced that it has secured its maiden development order for the prestigious Vande Metro (Namo Bharat) trainsets directly from Indian Railways.

The contract marks a significant milestone in Hirect's ongoing contribution to the modernization of India's railway traction and power electronics infrastructure.

Key Contract Details & Overview

Awarding Entity: Indian Railways (Domestic Entity)

Contract Value: Approximately ₹60.00 Crore

Nature of Order: Supply Contract for core propulsion/power electronic systems for Vande Metro (Namo Bharat) trainsets.

Execution Timeline: To be executed within 21 months.

Terms & Conditions: Standard commercial and technical terms as stipulated by Indian Railways.

Vande Metro (Namo Bharat): The Vande Metro network is Indian Railways' high-frequency intercity service designed to connect major urban centers with surrounding satellite cities, leveraging advanced electrical traction systems.

Shares of Hirect Limited was last trading in BSE at Rs. 1300.25 as compared to the previous close of Rs. 1283.95. The total number of shares traded during the day was 5427 in over 416 trades.

The stock hit an intraday high of Rs. 1324.35 and intraday low of 1254.25. The net turnover during the day was Rs. 6986060.00.

Source : Equity Bulls

Keywords

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