India's Transrail Lighting rises after Q2 profit jump

Transrail Lighting

16/01/2025 07:49

** Shares of Transrail Lighting  TRNR.NS  rise 3.7% to 619
rupees
** Co's Q2 consol net profit rose 19% y/y, revenue up 11.6% y/y
** Announces capex plan of 3.27 bln rupees ($37.8 mln) to
increase manufacturing capacity, set up new tower manufacturing
facility, and procure plant and machinery
    ** To raise up to 2.37 bln rupees via debt to fund capex
plan
    ** TRNR up ~5% since its listing on Dec 27
     
    ($1 = 86.4700 Indian rupees)

(Reporting by Vijay Malkar)
((mailto:VijayDattaram.Malkar@thomsonreuters.com;))