Receives Contract of 3100 HP Green Hydrogen Hybrid Locomotive

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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AI summary

Concord Control Systems, through its wholly-owned subsidiary Advanced Rail Controls Private Limited, has received a contract worth approximately Rs. 47 Crores from NTPC Limited. The order is for supplying all plant and equipment for a 3100 HP Green Hydrogen Fuel Cell Locomotive (Retrofitted) to be operated at NTPC SIPAT. The work is to be completed within 18 months. NTPC is a major public sector undertaking (government-owned). The order is domestic, and there is no related party interest involved. This marks a notable foray into green hydrogen-powered rail technology for the company.

Likely market impact

This is a meaningful contract win from a reputed government PSU, giving Concord visibility in the clean-energy rail segment and potentially boosting revenue. For shareholders, it signals the company's capability to win large orders in emerging green hydrogen technology, though execution over 18 months will need to be monitored.