Disclosure of Regulation 30 of SEBI LODR, 2015
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Concord Control Systems Ltd, through its wholly owned subsidiary Advanced Rail Controls Private Limited, has bagged an order worth Rs. 56.58 Crores from Indian Railways. The order is for the supply, installation and commissioning of a Loco wireless control system, to be executed within 18 months from the date of commencement. This is a domestic order with no related party involvement. With this new order, the company's total order book now stands at over Rs. 450 Crores.
This is a significant order from a prestigious government client (Indian Railways), which strengthens the company's revenue visibility and order book pipeline. Positive for investor sentiment as it reinforces the company's positioning in the railway equipment segment, though the stock reaction may depend on how this order compares to the company's annual revenue base.