Quadrant Wins Rs 1.29 Billion Kavach Contract from RailTel
Quadrant Future Tek Limited announced on Tuesday, 2 September, that it has secured a Letter of Acceptance (LoA) from RailTel Corporation of India Ltd for the supply, installation, and commissioning of the Kavach train collision avoidance system over 607 route kilometres (RKM) of low-density tracks under the East Central Railway.
The contract, valued at approximately Rs 1.29 billion (including taxes), is to be executed within 24 months. Quadrant confirmed that the order is entirely domestic, awarded on an arm’s length basis, with no promoter interest in RailTel. Details of the work order have been disclosed on the company's official website.
The Kavach system, developed under the Indian Railways' initiative, is designed to prevent train collisions and improve operational safety. Quadrant Future Tek is actively involved in next-generation train control and signalling technologies for the national railway network.
In addition to its work on Kavach, the company operates a speciality cable manufacturing facility that includes an electron beam irradiation centre. These cables are supplied for use in railway rolling stock and the naval defence sector, and the facility also supports solar and electric vehicle (EV) cable production.
Following the announcement, shares of Quadrant Future Tek Ltd closed at Rs 463, gaining Rs 34.45 or 8.04 per cent on the BSE. The stock recently listed at a 29 per cent premium over its IPO price, reflecting strong investor interest.
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