Rs 903 Crore Order Book: Mukul Agrawal-Backed Railway Equipments Company Bags New Orders Worth Rs 73,00,00,000 From Indian Railways
The stock gave multibagger returns of 215 per cent in just 1 year and a whopping 535 per cent in 3 years.
Hind Rectifiers Limited has secured orders from Indian Railways for various railway equipment. These orders include traction and auxiliary transformers, IGBT propulsion systems, auxiliary converters, battery chargers, on-board DC rectifiers, traction motors, electrical switchboards, safety and protection electronics, rolling stock HVAC systems, electrostatic precipitators, high current rectifiers, power quality improvement equipment, and special rectifiers. The orders are valued at approximately Rs 73 crore and are scheduled to be executed by FY 2025-26. These orders are a significant boost to the company's business and will help them to further strengthen their position in the Indian railways market.
Earlier, the company secured orders from Indian Railways for various railway equipment. These orders include traction and auxiliary transformers, IGBT propulsion systems, auxiliary converters, battery chargers, on-board DC rectifiers, traction motors, electrical switchboards, safety and protection electronics, rolling stock HVAC systems, electrostatic precipitators, high current rectifiers, power quality improvement equipment, and special rectifiers. The orders are valued at Rs. 98 crores and are scheduled to be executed by FY 2025-26. These orders are a significant boost to the company's business and will help them to further strengthen their position in the Indian railways market.
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Hind Rectifiers Ltd, established in 1958, is a leading manufacturer of power semiconductors, power electronics and railway transportation equipment. Their product portfolio includes traction and auxiliary transformers, IGBT propulsion systems, auxiliary converters, battery chargers, on-board DC rectifiers, traction motors, electrical switchboards, safety and protection electronics, rolling stock HVAC systems, electrostatic precipitators, high current rectifiers, power quality improvement equipment and special rectifiers. With a strong brand and market leadership, the company has been consistently improving its margins and expanding its product offerings to meet the growing demands of the Indian railways and industrial sectors.
The company has a market cap of Rs 2,000 crore and on Friday, shares of Hind Rectifiers Ltd hit a 5 per cent upper circuit and made a new 52-week high of Rs 1,175.70 per share with a spurt in volume by more than 2.88 times on BSE. An ace investor, Mukul Agrawal owns a 1.39 per cent stake in the company. The stock gave multibagger returns of 215 per cent in just 1 year and a whopping 535 per cent in 3 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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