Reciving of Order Value of Rs.2.68 Crores
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Airfloa Rail Technology Limited has received a new order worth Rs.2.68 Crores from the Furnishing Division, Integral Coach Factory, Chennai — a unit of Indian Railways, a government entity. The order is for the supply and installation of 38 sets of panelling for inside walls, partitions, and roofs of railway coaches. The contract follows standard Indian Railways and IRS conditions of contract, with third-party inspection required. Payment terms include up to 80% on inspection and provisional receipt certificates, with the remaining 20% plus installation charges payable after final acceptance. The execution timeline ranges from a minimum of one and a half months to a maximum of six months. This is a domestic order with no related party involvement.
This is a positive but modest order for a small-cap rail technology company. While the order is from Indian Railways — a reputable government client — the Rs.2.68 crore value is relatively small and will likely have limited impact on revenue unless the company has very low overall sales. The stock could see mild positive reaction if this represents new business growth.