Tube Investments of India Limited has informed the Exchange about Clarification on the matter reported in the mainstream media
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Tube Investments of India (TII) has issued a clarification regarding media reports that the company won a new railway contract worth Rs. 8,000 crore over 7 years. The company clarified that the actual contract is for the supply of train sets with a business potential of about Rs. 1,000 crore over 7 years, not Rs. 8,000 crore as reported. The original information was shared during a post-earnings conference call held on 16th May 2025, and the audio recording and transcript have been uploaded to the company's website. The clarification is being made to set the record straight on the contract value.
The clarification significantly reduces the perceived value of the new contract by nearly 87% (from Rs. 8,000 Cr to Rs. 1,000 Cr). Investors who may have reacted positively to the Rs. 8,000 Cr figure could see a sentiment correction, as the actual business potential is much smaller than initially believed.