Subros bags Rs 52.18 Cr maintenance order from Indian Railways

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%-0.9% vs market

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AI summary

Subros Limited has secured a new order from Indian Railways for a Comprehensive Annual Maintenance Contract of Cab HVAC Units worth about Rs. 52.18 Crores (Rs. 44.22 Crores plus GST of Rs. 7.96 Crores), to be completed within three years. The order is from Banaras Locomotive Works, Varanasi. This expands the company into service contracts beyond just supplying AC systems. Cumulative order booking in the Railways segment this financial year now stands at about Rs. 86.35 Crores for supplies and maintenance combined.

Likely market impact

Positive - new service revenue stream and a deeper, longer relationship with Indian Railways, adding about Rs. 86.35 Crores to FY railway order book.