Kothari Industrial Corporation Ltd. Receives Amendment to Service Contract with Integral Coach Factory
Kothari Industrial Corporation Ltd. announced on April 2, 2026, that it has received an amendment to an existing service contract from Integral Coach Factory (ICF), Chennai, a unit of Indian Railways. The amendment involves an increase in the contract quantity from 100% to 125%, representing a 25% expansion.The revised total contract value is approximately ₹6.33 Crores, inclusive of Goods and Services Tax (GST). The contract period has been extended up to July 24, 2026. The original contract value was ₹5,06,43,224.85, with the quantity enhancement adding ₹1,26,60,806.21.
Below is a summary of the contract details:
| Detail | Description |
|---|---|
| Awarding Entity | Integral Coach Factory (ICF), Chennai (a unit of Indian Railways) |
| Contract Description | Amendment to existing service contract for hiring of forklift trucks (3 Ton & 5 Ton) along with drivers, fuel, and associated staff. Other terms and conditions remain unchanged. The contract is subject to a variation clause and may be short-closed if lower tender rates are available. |
| Order Type | Domestic |
| Nature of Contract | Service contract for hiring of forklift trucks with manpower support for movement of coach items in Furnishing Division Shops. |
| Contract Execution Period | Extended up to July 24, 2026 |
| Contract Value Breakdown | Original Contract Value (incl. GST): ₹5,06,43,224.85; 25% Quantity Enhancement (incl. GST): ₹1,26,60,806.21; Total Contract Value (incl. GST): ₹6,33,04,031.06 |
| Promoter/Group Interest | None |
| Related Party Transaction | No |
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