Received Order from ICF, Indian Railways.
Price
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Airfloa Rail Technology Limited has received a new purchase order worth Rs.2.55 crores from Integral Coach Factory (ICF), Chennai — a manufacturing unit of Indian Railways. The order is for the supply and installation of one coach set of roof assembly for LWS/BW2 shells featuring FRP (Fibre Reinforced Polymer) panels for LHB (Linke Hofmann Busch) coaches. The order comes with standard Indian Railways contract terms, with 100% payment due upon receipt, inspection, and acceptance of materials at the destination. Dispatch is by road, and inspection will be handled by a third-party agency. The execution timeline is 22 months from the date of the order. This is a domestic order and the company is an RCF (Rail Coach Factory) approved vendor for these components.
This is a positive development for the company, providing near-term revenue visibility over the next 22 months. However, the order size of Rs.2.55 crore is modest, so the stock price reaction is likely to be modestly positive or neutral.