Concord Control Systems rose 2.62 per cent to Rs 2,173 after its wholly owned subsidiary, Advanced Rail Controls, secured an order worth Rs 191.7 million from Indian Railways for the supply, installation and commissioning of a locomotive wireless control system.

The contract, awarded by a domestic entity, is scheduled for completion within seven months. The company said neither its promoters nor promoter group have any interest in the awarding authority, and the transaction does not fall under related-party dealings.

The order further strengthens Concord Control Systems’ position in the railway automation and safety solutions segment, aligning with the government’s ongoing rail modernisation push. The company operates in the electrical machinery business for Indian Railways and allied sectors.

For FY25, Concord reported a 76.8 per cent rise in consolidated net profit to Rs 226.5 million on a 90 per cent increase in net sales to Rs 1.24 billion compared with FY24.