Hirect Secures U.S. Export Order for Mining IGBT Converters

MUMBAI, India — Power conversion and electronics manufacturer Hirect Limited (NSE: HIRECT | BSE: 504080) formerly Hind Rectifiers Limited announced on July 31, 2026, that it has secured a competitive international purchase order from the United States. The export contract mandates the supply of high-capacity Insulated-Gate Bipolar Transistor (IGBT) converters designed specifically for heavy-duty industrial and mining operations.

The international contract follows the company’s formal corporate rebranding from Hind Rectifiers Limited to Hirect Limited on July 24, 2026. The strategic order expands the company's export footprint in North America and diversifies its business beyond domestic rail transportation equipment.

Technical Specifications and Industrial Applications

The U.S. purchase order focuses on Hirect’s specialized power conversion systems engineered for extreme industrial environments. IGBT converters are essential components in heavy mining equipment, regulating high-voltage direct current (DC) and alternating current (AC) power feeds for electric haul trucks, crushing machinery, and subterranean drilling rigs.

Key operational features of the exported converter units include:

• Core Power Topology: Advanced IGBT-based power conversion modules engineered for high thermal efficiency and rugged duty cycles.

• Industrial Application: Customized drive and power conversion for heavy-duty mining machinery and off-grid extraction equipment.

• Operational Capabilities: Enhanced liquid and forced-air cooling systems, precise voltage modulation, and harmonic filtering for demanding field conditions.

• Quality & Compliance: Designed to comply with U.S. industrial safety and power quality compliance parameters.

Strategic Context and Export Revenue Diversification

For decades, Hirect (as Hind Rectifiers) operated primarily as a key equipment supplier to Indian Railways, providing traction transformers, rectifiers, and propulsion systems. In recent years, Indian Railways accounted for up to 90% of the firm's total annual turnover.

The securing of the U.S. IGBT converter contract, alongside recent international moves such as incorporating a wholly-owned subsidiary, Hirect Global Holdings Limited, in the Dubai International Financial Centre (DIFC) in mid-2026 demonstrates the management's focus on entering high-margin international industrial markets. This strategy helps lower revenue concentration risks while leveraging recently expanded manufacturing facilities in Nashik, Maharashtra.

Impact on Operations, Investors, and Supply Chains

The U.S. contract win carries several operational benefits for the company and its stakeholders:

• For Institutional Investors: Demonstrates international competitiveness in power electronics, building top-line visibility alongside domestic orders like the ₹60-crore MEMU trainset propulsion award.

• For Manufacturing Operations: Utilizes recently commissioned manufacturing capacity at Nashik following the completion of major capital expenditure programs.

• For Industrial Clients: Assures global mining OEMs of reliable power conversion technology built to handle severe operational stresses.

Official Sources Section

Order details, corporate rebranding updates, and regulatory filings cited in this report were verified through official disclosures hosted on:

• Official regulatory compliance dispatches on the National Stock Exchange of India (NSE).

• Corporate announcement filings on BSE Limited.

• Investor relations portal of Hirect Limited.

Quote Section

"According to corporate disclosures and statutory exchange updates, Hirect Limited has secured an international supply order from the United States for high-power IGBT converters, expanding its presence in the North American industrial and heavy mining sectors."

Why It Matters

High-power IGBT converters are critical components for the electrification and operational efficiency of modern industrial and mining equipment. Hirect's ability to win international contracts in competitive markets like the U.S. reflects Indian power electronics manufacturers' growing technical capabilities and quality standards on the global stage.

Key Facts at a Glance

• Contract Win: Export order for IGBT converters secured from the United States.

• Target Application: Heavy-duty equipment and mining sector operations.

• Company Name: Hirect Limited (officially rebranded from Hind Rectifiers Limited on July 24, 2026).

• Strategic Objective: Expanding international market presence and reducing domestic customer concentration.

Frequently Asked Questions (FAQs)

What equipment is Hirect supplying to the United States?

Hirect is supplying high-power IGBT (Insulated-Gate Bipolar Transistor) converters engineered for industrial and mining heavy equipment.

Why did Hind Rectifiers change its name to Hirect Limited?

The company officially rebranded to Hirect Limited on July 24, 2026, to reflect its modernized identity as an integrated systems exporter serving global industrial and rail sectors.

What is an IGBT converter used for in the mining industry?

An IGBT converter controls and converts electrical power efficiently, regulating drive motors and heavy machinery in mining haul trucks, extraction systems, and crushing facilities.

Source: National Stock Exchange of India, BSE Limited, Hirect Limited Official Portal.