Airfloa Secures ₹ 1.21 Crores Order for Panelling Work from Indian Railways
Airfloa Rail Technology Ltd has secured a new contract valued at ₹ 1.21 Crores from Indian Railways. The order is specifically from Furnishing Division, Integral Coach Factory, Chennai - 600038, and pertains to the supply and installation of panelling for rail coaches.The business opportunity involves supplying and installing 26 sets of panelling covering the side wall, partition, and roof as part of the work assigned by Indian Railways. The company was awarded the domestic order on July 2, 2026.
The contract is subject to Indian Railways Standard Conditions of Contract (Latest Edition) and General Conditions of Contract for the Stores Department of Indian Railway, including relevant addendums.
Key details regarding the contract are presented below:
| Detail | Specification |
|---|---|
| Client Entity | Furnishing Division, Integral Coach Factory, Chennai - 600038, Indian Railways |
| Order Nature | Supply and Installation of 26 Sets panelling (side wall, partition, roof) |
| Total Contract Value | ₹ 1.21 Crores |
| Order Type | Domestic Entity Purchase Order |
| Execution Timeline | Within a period of Three Months |
The terms outline that up to 80% of the supply portion payment will be made upon presentation of the inspection certificate and Provisional Physical Receipt Certificate. The balance payment, covering 20% of the supply portion along with all installation charges, is scheduled after acceptance by the consignee based on the installation certificate issued by a competent authority.
No interest or relationship exists between the promoter group and the entity awarding the order.
Stock Price Movement
Airfloa Rail Technology Ltd shares settled on Thursday at ₹314.00, ticking up by +0.35% in the close. The stock saw considerable movement throughout the trading session, fluctuating between an intraday low of ₹311.50 and a high of ₹318.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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