The board of Mumbai-based Transrail Lighting, an engineering, procurement, and construction (EPC) company focused on power transmission and distribution infrastructure, has approved a proposal to raise up to ₹6 billion (~$62.72 million) through a qualified institutional placement (QIP) of shares.

The QIP proposal will require approval from the company’s shareholders and other necessary regulatory clearances.

The board also proposed that it engage in the business of solar energy, battery energy storage systems, lithium-ion batteries, flow batteries, energy storage components, and integrated backup systems.

Under the proposed objective, the company would also engage in microgrids, electric vehicle charging infrastructure, energy management solutions, data centers, cloud infrastructure, network operating centers, server farms, and related software and technology services.

The board also approved an investment of AED15.3 million (~$4.16 million) in the company’s wholly owned subsidiary, Transrail Trading, incorporated in the United Arab Emirates. The investment will be made by subscribing to 15,300 equity shares with a face value of AED1,000 (~$272.3) each, increasing the subsidiary’s share capital from AED13 million (~$3.54 million) to AED28.3 million (~$7.7 million).

This investment will support Transrail’s Middle East operations, including raising finance, procuring materials and services for project execution, meeting working capital requirements, and other general corporate purposes.

As of May 2026, Transrail Lighting executed 1,900 circuit kilometers of transmission lines, supplied 150,000 metric tons of towers and 4,345 km of conductors, and completed Phase I of the Bangladesh river-crossing transmission line project.

In an interview on the sidelines of the Mercom India Renewables Summit 2026 held in New Delhi on July 1 and 2, Khalid Nadeem, Chief Operating Officer at SAEL, said the primary bottleneck for renewable energy growth is the transmission network and grid connectivity, which have not expanded in line with the growth of renewable projects. This infrastructure gap leads to delays in project execution, power curtailment during peak hours, and reduced profitability, affecting both developers and investors.

Experts at the event stated that transformer lead times have increased from six to nine months to nine to 18 months amid shortages of bushings, insulation materials, skilled manpower, and other critical components. They said strong demand for transformers, gas-insulated switchgear, reactors, and insulators is straining manufacturing capacity, while land acquisition, approval delays, unresolved tower locations, and supply chain constraints continue to slow the execution of transmission projects. The demand-supply gap could take seven to 10 years to narrow.