Transrail Lighting has secured approval to raise up to Rs 600 crore through issuance of equity shares having a face value of Rs 2 each and/or other eligible securities by way of Qualified Institutions Placement (QIP). The board of directors of the company at its meeting held on July 28 2026 has approved the same.
Additionally, the company board has approved a further investment of 15.30 million United Arab Emirates Dirham (around Rs 40.25 crore) in the company's wholly owned subsidiary incorporated in the UAE -- Transrail Trading LLC. The investment will be made by subscribing to 15,300 equity shares of 1,000 United Arab Emirates Dirham each of Transrail Trading.
The investment is proposed to support the company's Middle East operations, including raising finance, procurement of materials and services for project execution, meeting working capital requirements and other general corporate purposes.
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.
