Hirect Ltd has secured its inaugural order for traction motor assemblies from the United States to be delivered in fiscal year 2027. This contract marks the power equipment manufacturer's first entry into the US market as it seeks to expand its international footprint. The company is simultaneously working on a ₹60 crore domestic propulsion system order for Indian Railways.
Hirect Ltd, previously known as Hind Rectifiers Ltd, announced on Wednesday, July 29, that it has secured its first-ever order from the United States for traction motor assemblies. This contract represents a strategic milestone for the company, as it seeks to establish a foothold in the North American market to support its long-term growth objectives.
Order Timeline and Strategic Goals
The delivery of these traction motor assemblies is scheduled for the fiscal year 2027. In an exchange filing, the company noted that this initial order is intended to build a foundation for future customer relationships and potential follow-on business within the US. While the specific financial value of the US contract was not disclosed, the company highlighted that the move aligns with its broader plan to increase its international revenue share through consistent engagement with global clients.
Domestic Growth and Propulsion Systems
This international expansion comes alongside recent progress in the domestic market. Earlier in July 2026, the company secured a contract from the Modern Coach Factory, a unit of Indian Railways, to supply propulsion systems for Mainline Electric Multiple Unit (MEMU) trainsets. This domestic deal is valued at approximately ₹60 crore and covers the supply of systems for four trainsets, with an execution timeline set for the next 24 months. By entering the MEMU propulsion segment, Hirect is working to diversify its product offerings beyond its traditional power and railway components.
Financial and Operational Context
Hirect Ltd operates in the specialized industrial goods sector, where it competes with other manufacturers of power electronics and railway traction equipment. Investors generally monitor such companies for their ability to balance order execution with maintaining healthy profit margins, especially as raw material costs for copper, steel, and electronic components can fluctuate. The company’s focus on high-value products like propulsion systems and international expansion is a strategy to improve its competitive position and reduce reliance on older product lines.
On Wednesday, shares of Hirect Ltd closed at ₹1,334.00 on the BSE, marking a rise of ₹19.55 or 1.49%. Moving forward, shareholders will likely track the progress of the US project to see if it leads to repeat orders and monitor the 24-month execution timeline for the ₹60 crore domestic railway contract to ensure that project milestones are met without cost overruns.