Quadrant Future Tek Limited has informed the Exchange about Bagging/Receiving of orders/contracts from ICF for Installation of KAVACH 4.0 worth Rs. 230 Crores
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Quadrant Future Tek has received an order worth Rs. 230 Crores from Integral Coach Factory (ICF), a government unit under Indian Railways, for the installation of KAVACH 4.0, India's indigenous Automatic Train Protection system. KAVACH is an anti-collision safety system deployed across Indian Railways to prevent train accidents. ICF is the nodal agency responsible for equipping locomotives and coaches with this safety technology. The order size of Rs. 230 Crores represents a significant contract for the company and reinforces its role as a key player in India's railway safety modernization programme.
This is a material government order that should boost the company's order book and provide revenue visibility. KAVACH deployment is a national priority, which may lead to follow-on orders from ICF and other Railways units, potentially supporting stock sentiment in the near term.