Hirect Limited Secures Maiden ₹60 Crore MEMU Propulsion System Order from Indian Railways’ Modern Coach Factory

Hirect Limited (formerly Hind Rectifiers Limited) has announced a significant milestone by securing its first-ever order for Mainline Electric Multiple Unit (MEMU) trainsets from Modern Coach Factory (MCF), Indian Railways. The contract, valued at approximately ₹60 crore, marks the company’s entry into supplying complete propulsion systems for MEMU trains, strengthening its presence in India’s rapidly expanding railway electrification sector.

Hirect Bags First MEMU Trainset Propulsion System Order

The company disclosed that it has received a domestic order from Modern Coach Factory (MCF) for the design and supply of complete propulsion systems for four MEMU trainsets. The project is scheduled to be completed within 24 months.

Order Details

Strategic Milestone for Hirect

This is the maiden MEMU propulsion system order for Hirect Limited and represents an important step in the company’s growth strategy. The order demonstrates Hirect’s capability to supply integrated propulsion solutions, moving beyond its traditional portfolio of power electronics and railway electrical equipment.

By entering the complete propulsion system segment, the company is positioned to participate in larger and more technologically advanced railway projects as Indian Railways continues to modernize its passenger fleet.

Growing Opportunities in Railway Electrification

Indian Railways is investing heavily in the modernization of suburban and regional rail networks through electrification and the deployment of modern MEMU trainsets. Propulsion systems are among the most critical components of electric trains, making this order strategically valuable for Hirect’s long-term railway business.

Successful execution of this project could strengthen the company’s credentials and improve its competitiveness in future tenders issued by Indian Railways and other rolling stock manufacturers.

Revenue Visibility

With an order value of approximately ₹60 crore and an execution schedule extending over 24 months, the contract provides healthy revenue visibility for Hirect’s railway business. It also reinforces the company’s order book and supports its long-term growth in the transportation and infrastructure sectors.

Corporate Governance Compliance

In its regulatory filing, Hirect Limited confirmed that:

• The order has been awarded by a domestic entity.
• Neither the promoter nor the promoter group has any interest in Modern Coach Factory (MCF).
• The contract does not qualify as a related-party transaction under applicable regulations.