Transrail Lighting Ltd
About the Company
Established in 2008, Transrail Lighting Limited is an engineering and construction firm specializing in power transmission and distribution, along with the manufacturing of lattice structures, conductors, and monopoles. The company offers end-to-end solutions in the power transmission and distribution sector, overseeing projects from initiation to completion. With a presence in 58 countries, including Bangladesh, Kenya, Tanzania, and Nigeria, Transrail has achieved significant milestones. As of June 30, 2024, the company has successfully executed EPC (Engineering, Procurement, and Construction) for 34,654 circuit kilometers (ckm) of transmission lines and 30,000 ckm of distribution lines across domestic and international markets. Beyond power transmission and distribution, Transrail also operates in civil construction, poles and lighting, and railway infrastructure.
Management 1. Mr. Digambar Chunnilal Bagde (Executive Chairman)
Mr. Digambar Chunnilal Bagde, the Executive Chairman of Transrail Lighting Limited, holds a Bachelor of Science degree in Civil Engineering from the Maharaja Sayajirao University of Baroda and brings over 40 years of extensive experience in the EPC industry. Previously, he served as the Deputy Managing Director - Transmission and Distribution at Gammon India Limited and was the promoter of Transrail Engineering Company Limited and Associated Transrail Structures Limited. His leadership and expertise have been instrumental in driving innovation and growth in the infrastructure sector.
2. Mr. Randeep Narang (Managing Director & CEO)
Mr. Randeep Narang holds a Bachelor’s degree in Commerce from the University of Delhi and a Postgraduate Diploma in Marketing from the Institute of Marketing Management, New Delhi. He has also completed the Goodyear Advanced Management Skills Program – Asia, facilitated by the Mahler Company, Inc. With over 35 years of experience across various industries, particularly in the Transmission & Distribution (T&D) sector, he has held key leadership positions. He served as Chief Operating Officer (West) at Bharti Airtel Limited, MD and CEO at CEAT Kelani Holdings in Sri Lanka, and most recently as President-International (T&D, Solar) & Cables at KEC International Limited.
Business Overview
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Business Segment
EPC for Power Transmission
The company's Power Transmission and Distribution portfolio offers a broad spectrum of services, including the design, production, evaluation, installation, and provision of galvanized steel structures for power systems. Moreover, the substation projects are carried out within this segment of operations. 1. Engineering and Testing It comprises of 2 verticals, namely, Design engineering and Tower Testing. a. Design Engineering : The company approaches their EPC business with an integrated model, leveraging in-house expertise to manage projects from conceptualization to completion. They have a team of 83 experienced designers and engineers, specializing in various business segments. They deliver advanced solutions in execution safety, workforce management, and quality. For example, we utilized LiDAR surveys to map the Earth's surface in Niger, Benin, and Cameroon. The in-house design and engineering teams for each business vertical enable us to complete projects on time with uncompromised quality, capturing a larger share of the EPC value chain. b. Tower Testing: The company has an in house facility that uses SCADA software technology with the R&D testing station as NABL accredited. It tests all types of towers simultaneously with the feature of testing 2 towers. The company began operations at our Deoli Facility in 2010, specializing in manufacturing galvanized lattice towers for transmission lines. The facility also houses a tower testing unit capable of testing UHV towers and poles with heights up to 85 meters, base widths up to 30 meters, and various loading combinations. 2. Manufacturing a. Lattice Towers b. Conductors c. Monopoles 3. EPC a. Transmission Lines: Transrail has a skilled construction team capable of executing transmission projects in any climate or terrain. b. Substations: The company provides EPC services in relation to substations (upto 765KV) such as air and gas insulated substations. c. Distribution: The company has successfully designed, engineered, procured, and constructed 33,500 CKM of transmission lines and 33,000 CKM of distribution lines, both within the country and abroad.
Poles and Lighting
Manufacturing and installation of high-mast, street lighting, and industrial lighting systems, including LED solutions.
Railways and Urban Infra
Infrastructure solutions for railways, including electrification, signaling, and urban infrastructure projects like smart cities.
Key Highlights & Management Guidance
Revenue Breakup for FY24:
- Sale of Products/Services: 5%
- EPC Contracts: 95%
Geographical Revenue Split for FY24:
- Exports: 59%
- Domestic: 41%
Customer-wise Revenue Split for FY24:
- Government: 83%
- Non-Government: 17%
Strong and diversified Order Book:
Industrial Outlook
Engineering sector is highly promising, driven by rapid technological advancements, infrastructure development, and increased investment in automation and innovation. Key trends include the growing demand for smart manufacturing, renewable energy infrastructure, and sustainable solutions in industries such as construction, automotive, aerospace, and energy. The integration of AI, IoT, robotics, and Industry 4.0 technologies is transforming production processes, enhancing efficiency, and reducing costs. Governments worldwide are emphasizing infrastructure modernization and green energy projects, creating additional growth opportunities. However, challenges like supply chain disruptions, skilled labor shortages, and fluctuating raw material prices remain concerns for the sector. Overall, the engineering industry is expected to experience steady growth, supported by rising demand for precision engineering and sustainable development initiatives.
Financial Highlights
| PARTICULARS | Mar'2023 | Mar'2024 |
|---|---|---|
| Sales | ₹3,152 Cr | - |
| Sales | - | ₹4,077 Cr |
| OPM | 12% | 14% |
| Net Profit | ₹108 Cr | ₹233 Cr |
Shareholding Pattern
Dec'2024 | |
|---|---|
| Promoters | 71.12% |
| FIIs | 1.59% |
| DIIs | 18.22% |
| Retailers | 9.05% |
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