Friday, Jan 2: Shares of K2 Infragen surged nearly 10% in Friday’s session after the company announced that it has secured a Rs 262 crore project from Indian Railways, marking a significant addition to its order book at the start of 2026.
At last check, K2 Infragen shares were trading at Rs 75.55, up 9.97%, hitting the upper circuit on strong buying interest following the announcement.
The company said it has received a Letter of Acceptance (LoA) for a large traction power infrastructure project under the North Western Railway. The project involves the design, supply, erection, testing and commissioning of a 2×25 kV AC 220/132/55 kV traction substation, along with sectioning posts, sub-sectioning posts and SCADA systems.
The work will be executed over the Luni (inclusive) to Bhildi (exclusive) double-line section of the Jodhpur Division. The contract has been awarded to a joint venture between K2 Infragen and Salasar Techno Engineering, with K2 Infragen acting as the lead partner and holding a 74% stake in the JV.
Commenting on the development, Pankaj Sharma, Managing Director of K2 Infragen, said the order represents a defining milestone for the company as it enters the execution phase of multiple Rs 250 crore-plus projects simultaneously, adding that the Indian Railways contract reinforces stakeholder confidence.
Priyanka Pareek, Chief Financial Officer, noted that continued investments in railway and power transmission infrastructure across India are creating strong growth opportunities. She highlighted that the company’s order book has now crossed Rs 500 crore, supported by improving revenues and profitability.
Founded in 2015, K2 Infragen is a publicly listed EPC company with operations across railways, power transmission, highways and water infrastructure projects, serving clients including Indian Railways, NHAI, HSIIDC and Hindustan Copper, among others.
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