India's Transrail Lighting rises on order wins, stake acquisition
21/10/2026 07:59
BUZZ-India's Transrail Lighting rises on order wins, stake acquisition ** Shares of India's Transrail Lighting TRNR.NS rise as much as 9.7% to 494.65 rupees; stock last up 1.1%
** Stock on track to snap three straight sessions of losses
** Construction and engineering co receives orders worth 9.27 billion rupees ($97.88 million)
** Orders pertain to 765kV and 400kV transmission lines project in domestic market and conductor supply orders to the US
** TRNR also approved acquisition of 49% equity stake in NOPL Pace Green Energy on October 19
** Co says acquisition is expected to create opportunities for long-term participation in renewable power generation sector** Stock down 17.78% YTD
($1 = 94.7075 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))
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