Press Release for KAVACH order
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 won a ₹185.09 crore order for the supply, installation, testing, and commissioning of KAVACH 4.0, India's indigenous Automatic Train Protection (ATP) system, from Indian Railways. The order will be executed through Progota India Private Limited, the company's associate, and is to be completed within 12 months. KAVACH 4.0 is designed to prevent train collisions, over-speeding, and signal violations, and represents the latest version of the government's rail safety initiative. The company described this as an additional order, indicating an ongoing relationship with Indian Railways. Concord is an RDSO-approved OEM focused on embedded electronics for railway applications.
Positive for the company — a large government-backed order strengthens revenue visibility for the next 12 months and reinforces Concord's position in India's railway safety modernization programme, likely supportive of the stock price in the near term.