Hirect Secures Order from United States for IGBT Converters targeting Mining Industry
Hirect Limited, formerly known as Hind Rectifiers Limited, has secured an order from the United States for specialized IGBT Converters intended for the mining industry. This contract marks a significant entry into the mining sector for the company.The acquisition of this order highlights Hirect's capabilities in providing high-performance power electronic solutions tailored for demanding industrial environments. These specialized applications require equipment to exhibit stringent standards of robustness, uninterrupted performance, and reliability. The business deal is consistent with the company’s strategic objective of broadening its international market presence. Looking ahead, Hirect plans to continue pursuing global opportunities across various markets, supported by its established engineering expertise and manufacturing base located in India.
Hirect Limited was established in 1958 through a partnership with Westinghouse, Brake & Signal, UK, growing over six decades into a prominent entity within the engineering and manufacturing sectors. The company operates with a workforce of 950 employees across two manufacturing plants situated at Nashik and Bhandup in India.
HIRECT possesses extensive experience designing and manufacturing diverse range of power electronics equipment. Its product portfolio includes Power Converters, Control Electronics, Transformers, Rectifiers, Inverters, Motors, and HVAC systems. These technologies are critical for various industries and transportation sectors, including Railways and Defence. Hirect's products serve Power, Hydrogen, Steel, Cement, Chemical, and Paper industries among others.
The company’s global reach is extensive, exporting its manufactured goods to over 30 countries. Furthermore, Hirect maintains offices in India, Sweden, and the UAE, reflecting its commitment to international business expansion.
HIRECT Stock Price Movement
As of 1:27 PM, shares of Hind Rectifiers Limited are edging higher to ₹1348.9 as they gain 3.73% in current live trading. The stock maintains robust activity, with a volume reaching 100,507 shares thus far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.