Quadrant Future Tek Limited has informed the Exchange about Bagging/Receiving of orders from PLW for installation of KAVACH 4.0
QUADFUTURE · price
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Quadrant Future Tek Limited has received a Letter of Acceptance from Patiala Locomotive Works (PLW), a unit of Indian Railways under the Ministry of Railways, for supply, installation, testing and commissioning of Onboard KAVACH Loco Equipment Version 4.0 with warranty. The contract is valued at Rs. 20,19,27,500 (approximately Rs. 20.2 crore including taxes). KAVACH is India's indigenous Automatic Train Protection (ATP) system developed to prevent signal passing at danger and collisions. The order is to be executed in three tranches with final delivery scheduled for April 2027. This is a domestic order awarded at arm's length with no related party involvement.
This is a meaningful contract win from a government railway entity, demonstrating the company's capabilities in railway safety technology. The order value of over Rs. 20 crore represents a significant business opportunity that could contribute meaningfully to the company's revenue over the execution period through FY27.