Railway KAVACH secures ₹1,815.67 million order from BLW
pre-market1 source ↓written by the desknot a recommendation
- from Banaras Locomotive
- ₹1,815.67 million
- of Onboard KAVACH
- 223 units
- be executed
- 12 months
- market cap exceeding
- ₹1,200 cr
- 70% promoter stake
Railway KAVACH company, under Quadrant Future Tek Limited, has secured an order worth ₹1,815.67 million from Banaras Locomotive Works for 223 units of Onboard KAVACH Loco Equipment. The project will adhere to RDSO specifications and is expected to be executed within 12 months. This order signifies a major advancement in railway safety technology.
The company, with a market cap exceeding ₹1,200 cr, has a 70% promoter stake. This contract follows a previous agreement with the Integral Coach Factory, valued at ₹230.42 million.
Not investment advice. For informational purposes only.