Announced Sat, 18 Jul · 17:55 IST
Service contract win from Indian Railways via GeM portal
KOTIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.9%1-day move
₹174.73
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-3.9-3.9-6.1-5.6-4.4—————
Up moveDown movePending
AI summary
Kothari Industrial Corporation has received a service contract through the Government e-Marketplace (GeM) from Southern Railway, Indian Railways, a Government of India entity. The contract covers hiring of 5 three-ton diesel forklifts with drivers, material handling staff and one supervisor for wagon repair shop operations at Perambur. Services will start on or about 21 July 2026 and run for 600 working days. The order is domestic and is not a related party transaction.
Likely market impact
Provides steady multi-year revenue visibility from a government entity. Order value not disclosed, so impact on overall revenue is unclear.