Airfloa Rail Secures Rs nine point two zero eight million Order

11 May 2026 CW Team

As per the filing annexure the contract will be governed by standard Indian Railways tender conditions and related contractual terms and the company outlined a staged payment structure for the project. 90 per cent payment will be released against PRC and inspection certificate documentation, with the remaining amount together with installation charges payable after certification by the Mechanical Department. The order therefore provides measurable short term work for the engineering team and production facilities.

The announcement was reflected in trading where Airfloa Rail Technology shares rose two point two eight per cent to Rs 343.00 on the BSE at 12:29 pm IST on May seven and traded in a session range of Rs 332.00 to Rs 344.95. Market participants noted that equipment and component manufacturers are seeing increased procurement activity as Indian Railways advances modernisation and rolling stock upgrades. The contract win was described as strengthening the company revenue visibility for the coming year.

Airfloa Rail Technology operates in the railway engineering and rail component manufacturing segment and supplies specialised products and engineering solutions for rolling stock and coach related applications. Stainless steel nose cone systems are used in modern coach structures to support aerodynamic efficiency and to integrate front end equipment. The order is expected to strengthen the company project pipeline and reinforces its positioning in a sector benefiting from sustained infrastructure investment.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Airfloa Rail Technology Limited has secured a Rs nine point two zero eight million (mn) order from Indian Railways, awarded by the Integral Coach Factory in Chennai, for the supply and installation of stainless steel nose cones for railway coaches. The disclosure was filed with the Bombay Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and adds to the company execution pipeline in the railway engineering and rolling stock components segment. The company said the contract covers the supply and installation of nine sets of stainless steel nose cones for MEMU, DMC and JK(944) coach types and is expected to be executed within 12 months. As per the filing annexure the contract will be governed by standard Indian Railways tender conditions and related contractual terms and the company outlined a staged payment structure for the project. 90 per cent payment will be released against PRC and inspection certificate documentation, with the remaining amount together with installation charges payable after certification by the Mechanical Department. The order therefore provides measurable short term work for the engineering team and production facilities. The announcement was reflected in trading where Airfloa Rail Technology shares rose two point two eight per cent to Rs 343.00 on the BSE at 12:29 pm IST on May seven and traded in a session range of Rs 332.00 to Rs 344.95. Market participants noted that equipment and component manufacturers are seeing increased procurement activity as Indian Railways advances modernisation and rolling stock upgrades. The contract win was described as strengthening the company revenue visibility for the coming year. Airfloa Rail Technology operates in the railway engineering and rail component manufacturing segment and supplies specialised products and engineering solutions for rolling stock and coach related applications. Stainless steel nose cone systems are used in modern coach structures to support aerodynamic efficiency and to integrate front end equipment. The order is expected to strengthen the company project pipeline and reinforces its positioning in a sector benefiting from sustained infrastructure investment.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

Real Estate

10 Jul 2026

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Real Estate

10 Jul 2026

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..