Dhara Rail Projects Limited and Railway Administration Mutually Agree on Contract Determination
Dhara Rail Projects Limited (DRPL) has announced the mutual determination and short-closure of a contract related to the operations of Power Cars and LSLRDs at various Coaching Depots. The contract, originally executed on February 13, 2026, was mutually agreed upon for closure by both the company and the Railway administration, effective August 23, 2026.The contract involved the services of Escorting, Operation, and troubleshooting of Power Cars and LSLRDs at SRC, SHM, and PDPK Coaching Depots. The parties involved in the agreement were Dhara Rail Projects Limited and the Ministry of Railways, South Eastern Railway.
The decision for the early determination or short-closure was based on a mutual decision and agreement between the Company and the Railway Administration, specifically under Clause 7.1 of the GCC.
The impact of the contract determination has been assessed, and DRPL stated that there is no material financial impact or reputational impact on the Company.
Key details regarding the contract and its determination are summarized in the table below:
| Particulars | Details |
|---|---|
| Name of Parties | Dhara Rail Projects Limited and Ministry of Railways, Indian Railway Sr. Divisional Electrical Engineer/G, Santragachi Coaching Depot, ARM Building, Jagachha, South Eastern Railway, Santragachi, Howrah - 711111, West Bengal, India. |
| Nature of Contract | Escorting, Operation & troubleshooting of Power Cars & LSLRDs at SRC, SHM & PDPK Coaching Depots |
| Date of Execution | 13th February, 2026 |
| Date of Determination | 23rd August, 2026 |
| Reason for Closure | Early determination/short-closure of the contract upon mutual decision and agreement between the Company and the Railway Administration under Clause 7.1 of the GCC. |
| Impact | No material financial or reputational impact on the Company. |
DHARARAIL Stock Price Movement
On Friday, Dhara Rail Projects Limited shares edged higher, closing at ₹147.5 after gaining 1.06% over the previous close. The stock saw a trading volume of 1,000 shares during the session.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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