Airfloa Secures Order From Integral Coach Factory Chennai
ECONOMY & POLICY

Airfloa Secures Order From Integral Coach Factory Chennai

Airfloa Rail Technology Limited reported that it has secured a new order from Integral Coach Factory, Chennai of Indian Railways for the supply and installation of nine sets of stainless steel nose cone assemblies for MEMU/DMC/JK(944) coaches. The contract value is Rs nine point two zero eight million (mn) and completion is required within 12 months. The order was received by email on 7 May 2026 at 10.15am and the company said the contract will be governed by the latest IRS conditions and tender terms.

Payment terms provide for 90 per cent against PRC and IC, with the balance 10 per cent and 100 per cent installation charges payable against receipt note and an installation certificate issued by a gazetted officer of the mechanical department. The award is recorded as a domestic contract and the filing specifies that there is no promoter or related party interest. The scope covers delivery, fitting and certification of the nose cone units to the specified coach types.

Airfloa identified the procurement as a material transaction notified to the stock exchange and attached Annexure A to the filing to meet SEBI LODR requirements. The disclosure outlines contract governance, payment milestones and the completion schedule and confirms that the order will not be treated as a related party transaction. The information is intended to inform shareholders and stakeholders of the new business win and its expected contribution to the company order book.

Management emphasised that the contract aligns with the firm’s niche in rail hardware manufacturing and installation services and that internal project controls will monitor progress. The filing included statutory identifiers such as the company CIN and GST numbers and confirmed there was no delay in reporting the award. Airfloa will proceed with mobilisation and procurement to meet the contractual delivery milestones.

Airfloa Rail Technology Limited reported that it has secured a new order from Integral Coach Factory, Chennai of Indian Railways for the supply and installation of nine sets of stainless steel nose cone assemblies for MEMU/DMC/JK(944) coaches. The contract value is Rs nine point two zero eight million (mn) and completion is required within 12 months. The order was received by email on 7 May 2026 at 10.15am and the company said the contract will be governed by the latest IRS conditions and tender terms. Payment terms provide for 90 per cent against PRC and IC, with the balance 10 per cent and 100 per cent installation charges payable against receipt note and an installation certificate issued by a gazetted officer of the mechanical department. The award is recorded as a domestic contract and the filing specifies that there is no promoter or related party interest. The scope covers delivery, fitting and certification of the nose cone units to the specified coach types. Airfloa identified the procurement as a material transaction notified to the stock exchange and attached Annexure A to the filing to meet SEBI LODR requirements. The disclosure outlines contract governance, payment milestones and the completion schedule and confirms that the order will not be treated as a related party transaction. The information is intended to inform shareholders and stakeholders of the new business win and its expected contribution to the company order book. Management emphasised that the contract aligns with the firm’s niche in rail hardware manufacturing and installation services and that internal project controls will monitor progress. The filing included statutory identifiers such as the company CIN and GST numbers and confirmed there was no delay in reporting the award. Airfloa will proceed with mobilisation and procurement to meet the contractual delivery milestones.

Related Stories

Gold Stories

Next Story
Real Estate

Anshul Singhal launches Vantrock with Rs 42 billion development plan

Real estate professional Anshul Singhal has launched Vantrock Real Assets Private Limited (VRAPL), a Mumbai-headquartered platform focused initially on warehousing, industrial and logistics parks. The company plans to develop approximately 11.5 million sq ft of assets, with an estimated gross development value (GDV) of Rs 42 billion (approximately USD 434 million) on completion.The first phase will cover around 3 million sq ft across the National Capital Region (NCR), Bengaluru and Pune, with an estimated development value of Rs 11 billion (approximately USD 113 million). Construction is sched..

Next Story
Infrastructure Transport

Afcons wins CII award for biodiversity management

Afcons Infrastructure has received the Confederation of Indian Industry (CII) National Award for Environmental Best Practices 2026 in the Biodiversity Management category for its work on the Mumbai-Ahmedabad High Speed Rail Project’s C-2 package.The award was presented at a ceremony in Chennai on 9 October 2026. It was received by Mihir Mishra, Vice-President, CPE, and Sumon Paul, Assistant General Manager, HSE, along with the Afcons team.The project adopted several resource recovery and waste management practices. These included recycling concrete washout waste to recover sand, aggregates a..

Next Story
Technology

Indian businesses lead globally in planned AI investment, says Autodesk

Indian organisations are moving towards deeper integration of artificial intelligence (AI), digital technologies and sustainability into business operations, according to Autodesk’s 2026 State of Design & Make report. The fourth edition of the annual study highlights growing AI adoption, measurable outcomes from digital transformation and the role of sustainability in long-term business growth.The report found that 64 per cent of Indian organisations are approaching or have achieved their current AI goals. While 88 per cent believe AI will enhance their industry, up from 78 per cent in 2..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code