Transrail Lighting Ltd has witnessed a 66 per cent year-on-year growth in order inflows during the first half (H1: April to September) of FY26.
In a release, Transrail Lighting said that its order intake in H1FY26 was Rs.3,740 crore, up 66 per cent from the corresponding level in H1FY25. The H1FY26 order inflow was boosted by Q2FY26 (July to September) with Rs.1,748 crore worth of orders booked, evincing a 62 per cent year-on-year growth.
The H1FY26 order inflow was dominated by the power T&D segment that had a share of 92 per cent. The remaining 8 per cent was distributed among other business verticals like civil construction, railways and lighting (including poles). Domestic orders accounted for 68 per cent of the H1FY26 order inflow, the company said.
As of September 30, 2025, the company’s outstanding order book position was Rs.15,117 crore, marking a year-on-year growth of 46 per cent. Domestic orders had a share of 61 per cent in the unexecuted order book. Once again, power T&D (including substations) was dominant with a share of 93 per cent.
Transrail Lighting, as of September 30, 2025, was placed L1 in orders worth Rs.2,682 crore. Thus the unexecuted order book position (including L1) was to the tune of Rs.17,799 crore, as of given date.
Projects commissioned
During Q2FY26, Transrail commissioned a series of domestic and international projects. Prominent among these were two 765kV double-circuit lines for Power Grid Corporation of India Ltd (PGCIL) – Banaskantha-Ahmedabad (Gujarat) and Khetri-Narela (Package 1, Rajasthan). International projects commissioned in the period included a 230kV double-circuit line in Bangladesh and a 138kV substation and transmission line in Nicaragua.
Strong traction
Commenting on the company’s performance in Q2FY26, Randeep Narang, MD & CEO, Transrail Lighting Ltd, said, “We have seen strong traction in order inflows, led by the core Power T&D segment, along with encouraging momentum across allied verticals. During the quarter, we fast-tracked several high-priority projects, demonstrating our capability to deliver complex assignments within tight execution timelines without compromising on quality.”
Capex Plans
Transrail is in the midst of a major capacity expansion programme – covering both transmission towers (including poles) and conductors – through greenfield and brownfield routes.
With respect to transmission towers, overall capacity is set to more than double from the present 84,000 tonnes per annum (tpa) to 1,96,000 tpa. This will be achieved by brownfield expansions at the existing facilities at Deoli (Maharashtra) and Vadodara (Gujarat), in addition to a new transmission tower facility at Butibori in Nagpur district, Maharashtra. The greenfield facility is likely to commission by March 2026, and the overall capacity expansion plan is scheduled to complete by June 2026.
As far as conductors are concerned, capacity is seen growing to 49,500 km per year from the present 24,000 km per year, through expansions at the existing Silvassa facility in the UT of Dadra & Nagar Haveli and Daman & Diu.
Featured photograph (source: Transrail Lighting Ltd) shows a section of a 765kV double-circuit line in Gujarat commissioned by Transrail for Power Grid Corporation of India Ltd (PGCIL). Inside picture shows brownfield expansion at the company’s tower manufacturing facility at Deoli in Maharashtra.