Business Update26 Jul 2026, 10:00 am
Hind Rectifiers Secures Maiden MEMU Trainset Order Worth ₹60 Cr
AI Summary
Hind Rectifiers Ltd (Hirect Limited) has announced its first order for Mainline Electric Multiple Unit (MEMU) trainsets from Modern Coach Factory (MCF), a unit of Indian Railways. The order involves the supply of complete Propulsion Systems for 4 MEMU trainsets. This significant domestic order is valued at approximately ₹60 crores and is expected to be executed within 24 months. This marks a key milestone for the company in the railway sector.
Key Highlights
- Secured maiden order for MEMU trainsets from Modern Coach Factory.
- Order value is approximately ₹60 crores.
- Execution timeline is within 24 months.
- Supply includes complete Propulsion Systems for 4 trainsets.
- This is a significant domestic business win for the company.
Price Impact
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