Disclosure as per regulation 30 of SEBI (LODR), 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Concord Control Systems Ltd, through its wholly-owned subsidiary Advanced Rail Controls Private Limited, has received an order worth Rs. 19.17 Crores from Indian Railways. The order is for the supply, installation, and commissioning of a Loco wireless control system, and is to be executed within 7 months. The order is domestic, not a related-party transaction, and no promoter or group company has any interest in the awarding entity. This is a disclosure filed under SEBI LODR Regulation 30.
This is a meaningful new order from a strong government customer (Indian Railways), adding Rs. 19.17 Crores of revenue visibility over the next 7 months. Positive for the stock as it strengthens the order book and validates the subsidiary's capability in rail technology solutions.