Hind Rectifiers,has bagged orders of Rs 88.05 crore in December 2018. This includes substantial orders from Diesel Locomotive Works worth Rs 61 crore. With these order wins, the company has a strong all time high pending order book of Rs 292.92 crore. Commenting on the order, Suramya Nevatia, CEO, Hind Rectifiers, said, “The orders booked are for a new product which was launched in 2018. Through backward integration, the company is able to substantially reduce import cost for the product, thereby, helping the product margin to be upwards of 10 per cent. The company is highly focused on R&D and the future of Hirect is power packed with innovation and diversification.”
With India being at the crux of infrastructural and transportation growth, there are possibilities, and Hirect will be capitalising on all the right ones, informs the release from the company.
The company manufactures highly technical and strenuously engineered products using dynamic tools, leading-edge technology and non-parallel design. Hirect is gradually transforming from being just a cost-effective manufacturing company to an indigenous technology company.