Order Receipt of Order to the value of Rs.92.08 lakhs.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Airfloa Rail Technology Ltd has received a new order worth Rs.92.08 Lakhs from the Integral Coach Factory, Chennai, which is part of Indian Railways. The order involves supply and installation of 9 sets of Stainless Steel Nose cones for MEMU/DMC/JK trains. Payment terms include 90% against PRC and IC with the remaining 10% plus installation charges paid upon receipt and installation certification. The order is to be completed within 12 months. This is a domestic government order from a public sector entity.
The order value of Rs.92.08 Lakhs is relatively modest and represents a new supply contract for railway components. Without revenue figures, it is difficult to assess the significance, but the order provides near-term revenue visibility for the company from a key government customer.