Transrail Lighting has received approval for the acquisition of 100% equity stake in Gactel Turnkey Projects from Ajanma Holdings and execution of the Share Purchase Agreement and other transaction documents in connection therewith, subject to completion of customary conditions and approvals, as may be applicable.
The acquisition is a strategic investment aimed at strengthening the company's cooling tower engineering and execution capabilities and concentrating in segments such as Induced Draft Cooling Towers (IDCTs); Repairs, Refurbishment, and Maintenance (MRO) of old cooling towers including NDCTs, IDCTs and Chimneys. The acquisition is expected to enhance the company's end-to-end EPC capabilities, provide access to specialized engineering expertise and support future growth opportunities in cooling tower, industrial chimney and maintenance businesses. The Board of Directors of the company at their meeting held on June 22, 2026 have inter-alia approved the same.
Transrail Lighting is one of the leading Indian EPC companies with a primary focus on power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors, and monopoles.
