Receipt of work order from Central Railway of Rs. 18,64,40,099.67.
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Jayant Infratech has received a Letter of Acceptance from Central Railway for railway overhead electrification (OHE) work in the Bhusawal Division. The scope includes designing, supplying, erecting, testing, and commissioning 25KV single-phase AC OHE systems, with activities such as sectioning arrangement, additional OHE structure support, and shifting of insulated overlaps. The contract is valued at Rs. 18,64,40,099.67 (about Rs. 18.64 crore) inclusive of all duties and taxes, and must be executed by January 30, 2028. The order is domestic, awarded by a government entity, and is not a related party transaction. The company noted the contract is expected to support its revenue and operational growth.
This is a positive development adding a government-backed order to the company's order book, providing revenue visibility over the next ~2 years. Railway PSU orders typically carry lower collection risk and may boost investor sentiment on the stock.