Quadrant Future Tek Limited has informed the Exchange about Bagging/Receiving of orders/contracts from CLW for Installation of KAVACH 4.0 worth Rs. 287 Crores.
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Quadrant Future Tek has secured an order worth Rs. 287 Crores from Chittaranjan Locomotive Works (CLW), a public sector unit under Indian Railways. The contract is for the installation of KAVACH 4.0, which is India's indigenous automatic train protection and collision-avoidance system. KAVACH is a key part of Indian Railways' nationwide safety and signalling modernization programme. The order strengthens the company's presence in the railway safety and signalling segment. With Indian Railways actively rolling out KAVACH across its network, such contracts highlight the company's role as a supplier in this large-scale public infrastructure push.
This is a sizeable government-backed order that adds to the company's order book and provides strong near-to-medium term revenue visibility. Positive for the stock, as it demonstrates execution capability in a growing, policy-driven railway safety market.