Press Release Summary

Hirect Limited has secured its first order from the United States for Traction Motor Assemblies, marking the company's initial entry into the U.S. market. This development represents a significant milestone in the company's international expansion strategy.

Order Details

  • Product: Traction Motor Assemblies
  • Market: United States (first entry)
  • Delivery Timeline: Scheduled for delivery during FY27
  • Strategic Significance: Establishes foundation for expanding customer relationships and pursuing additional opportunities in the U.S. market

Strategic Context

This order reinforces HIRECT's long-term strategy of gradually expanding its international footprint through sustained engagement with customers across global markets. The company will leverage its engineering expertise, manufacturing capabilities, and strategic global partnerships to expand its reach and create new growth opportunities over the long term.

Company Background

Hirect Limited was established in 1958 in partnership with Westinghouse, Brake & Signal, UK. The company has operated for 66 years and has grown to become a major player in the engineering and manufacturing sectors.

Operational Details

  • Workforce: 950 employees
  • Manufacturing Plants: Two facilities located at Nashik and Bhandup in India
  • Global Presence: Exports products to over 30 countries
  • International Offices: Locations in India, Sweden, and the UAE

Product Portfolio

HIRECT designs and manufactures a wide range of power electronics equipment including:

  • Power Converters
  • Control Electronics
  • Transformers
  • Rectifiers
  • Inverters
  • Motors
  • HVAC systems

End Markets Served

  • Railways
  • Defence
  • Power
  • Hydrogen
  • Steel
  • Cement
  • Chemical
  • Paper
  • Various other industrial and transportation applications

Corporate Identifiers

  • Hirect Limited CIN: L28910MH1958PLC011077
  • Strategic Growth Advisors CIN: U74140MH2010PTC204285

Forward-Looking Statements Disclaimer

The document contains forward-looking statements subject to numerous risks and uncertainties, which may not necessarily predict future results. The company assumes no obligation to update these statements based on actual results, changed assumptions, or other factors.