Mukul Agrawal-Backed Railway Stock Secures Maiden Rs 60 Crore MEMU Trainset Order; FII & DII Stakes Rise

Hirect secured its first MEMU trainset order worth approximately Rs 60 crore from MCF for supplying complete propulsion systems for four trainsets.

The order includes traction transformers, traction motors, propulsion systems, and Train Control and Management Systems (TCMS), marking Hirect's entry into next-generation railway systems.

Foreign Institutional Investors (FIIs) increased their stake in Hirect to 6.57% from 6.38% in the June 2026 quarter, while Domestic Institutional Investors (DIIs) raised their holding to 0.20% from 0.13%.

Ace investor Mukul Mahavir Agrawal held a 1.45% stake in Hirect as of June 2026.