Intimation of order of KAVACH
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 has secured a Rs. 185.09 Crore order for the supply, installation, testing, and commissioning of On-board KAVACH 4.0 Loco equipment. The order has been awarded by Indian Railways and will be executed through Progota India Private Limited, the company's associate. The work is to be completed within 12 months. This is a domestic order, with no related party interest involved.
This is a sizeable government railway order that could meaningfully boost the company's order book and near-term revenues, given the Rs. 185 Crore value is significant for a small-cap firm. Positive for the stock in the short term as it signals strong order inflow in the railway safety segment.