News > Hind Rectifiers hits 5% upper circuit after securing ₹200 crore order from Indian Railways

Hind Rectifiers hits 5% upper circuit after securing ₹200 crore order from Indian Railways

The order will be executed by FY26, as per the terms and conditions outlined by Indian Railways, Hind Rectifiers said. The company clarified that there is no involvement or interest from the promoter group or group companies in the entity awarding the contract. Additionally, the transaction does not qualify as a related party transaction. Shares of Hind Rectifiers gained more than 156% over the last year, from their 52-week low of ₹333.60, touched in October 2023.