Receiving order of Rs.22.91 Crores
Price
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Airfloa Rail Technology has secured a new order worth Rs. 22.91 Crores from BEML Limited, a Government of India PSU based in Bangalore. The order involves design, manufacture, supply, testing, and commissioning of lighting systems, along with CMC spares and tools, for the cars of Chennai Metro Rail Project Phase-II. Supply is scheduled to commence in November 2026 and must be completed within 17 months. Payment terms are favourable, with 100% payment due within 45 days of each supply. The order is a domestic one, with no related-party involvement.
This is a meaningful new business win from a government-owned client (BEML), which adds revenue visibility for FY27 and beyond and strengthens Airfloa's credentials in the railway/metro segment. Short-term stock impact may be modest, but the order supports the company's order book growth in a niche rail-infrastructure niche.