Kothari Industrial Corporation Secures Service Contract from Indian Railways via GeM
Kothari Industrial Corporation Ltd has secured a service contract through the Government e-Marketplace (GeM) from Indian Railways. The contract was awarded by the Chief Workshop Manager of Carriage & Wagon Workshop, Perambur, Southern Railway, Indian Railways.The service involves the fitting of 5 Nos. of 3 Ton Diesel OP:t",1"1 locomotives. The scope of work also includes providing drivers, material handling staff, and one supervisor for wagon repair shop operations.
This service contract was awarded by a domestic entity.
The operational details of the agreement are as follows:
| Particular | Details |
|---|---|
| Awarding Entity | Carriage & Wagon Workshop, Perambur, Southern Railway, Indian Railways |
| Nature of Contract | Service Contract through GeM |
| Duration of Work | Scheduled to commence on or January 2026 and the contract will be executed over a period of 600 Working Days. |
| Scope of Services | Fitting of 5 Nos. of 3 Ton Diesel OP:t",1"1 locomotives, along with drivers, material handling staff, and one supervisor for wagon repair shop operations. |
The contract was awarded through the GeM platform, subject to the terms and conditions outlined in the respective GeM Contract document.
KOTIC Stock Price Movement
Kothari Industrial Corporation Limited shares shed 2.62% on Friday, settling at ₹174.45 after seeing a decline of ₹4.65. The stock traded for 7,158 shares during the session, reflecting a tight move within its intraday range.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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