Wins 34.85 cr LOA for Vande Bharat sleeper train interiors

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+0.2%Reaction day

₹552.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-0.0% vs market

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On the reaction day the stock moved in line with Nifty Microcap 250 and 0.2 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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AI summary

Airfloa Rail Technology received a Letter of Acceptance worth 34.85 crores from Integral Coach Factory Chennai for interior design of the Vande Bharat sleeper trainset, as lead member of a consortium with Italy-based BLUE Engineering. The contract covers interior design worth 30.93 crores plus 3.93 crores for development work, to be completed within 12 months. Airfloa says it becomes the first Indian company to win an interior design contract of this scale from Indian Railways.

Likely market impact

Positive government PSU order win that expands Airfloa's railway presence and adds revenue visibility over the next 12 months.