Hirect Limited Bags ₹60 Crore Order from Modern Coach Factory for MEMU Propulsion Systems

Electrical equipment manufacturer Hirect Limited (formerly known as Hind Rectifiers Limited; BSE: 504036, NSE: HIRECT) announced that it has secured its maiden order for Mainline Electric Multiple Unit (MEMU) trainsets from the Modern Coach Factory (MCF), Indian Railways.

The contract reflects the company's expanding footprint in state-of-the-art railway propulsion and power electronics systems.

Key Details of the Contract

Awarding Authority: Modern Coach Factory (MCF) / Indian Railways

Contract Value: Approximately ₹60.00 Crore

Scope of Supply: Complete Propulsion Systems for 4 MEMU trainsets

Execution Period: To be fully executed within 24 months

Contract Nature: Domestic supply contract governed by standard Indian Railways terms and conditions

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

Hirect INE835D01023 OrderWin MEMU PropulsionSystems