Concord Subsidiary Wins Rs 191.7 Million Rail Control Order
RAILWAYS & METRO RAIL

Concord Subsidiary Wins Rs 191.7 Million Rail Control Order

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

KPIL announces new business wins worth Rs 22.25 bn

Kalpataru Projects International (KPIL) has secured new orders and a letter of comfort worth approximately Rs 20.31 billion in its power transmission and distribution (T&D) business across India and international markets. Additionally, its Swedish subsidiary, Linjemontage i Grästorp AB, has received an order worth approximately Rs 1.94 billion (SEK 200 million), taking the combined order value to Rs 22.25 billion.Commenting on the order wins, Manish Mohnot, Managing Director and CEO, KPIL, said the new orders reflect customer confidence in the company's execution capabilities and technical ex..

Next Story
Infrastructure Transport

Tiruchi Airport Handles over 20 t of Domestic Cargo in a Month

Tiruchi International Airport has handled more than 20 t of inbound and outbound domestic cargo since the facility was launched in late August. Outbound shipments have exceeded inbound volumes, with private carriers transporting goods to Chennai, Delhi, Bengaluru and Mumbai. The domestic cargo service began after the Bureau of Civil Aviation Security (BCAS), an independent department under the Ministry of Civil Aviation, granted clearance. The facility was introduced to give local businesses a faster route for sending goods to major domestic hubs, reducing their reliance on cargo routed throug..

Next Story
Infrastructure Urban

Gabriel India Forms Joint Venture with Forvia for Advanced Seating

Gabriel India, part of the US$2.6 bn Anand Group, has formed a joint venture with France-based Forvia to bring advanced seating systems and technologies to the Indian automotive market. The partnership expands Gabriel India’s participation in vehicle systems as automotive architectures become more sophisticated and customer requirements evolve. The joint venture, named Faurecia Anand Seating India, combines Forvia’s global seating technology expertise with Gabriel India’s manufacturing capabilities, customer relationships and understanding of the Indian automotive market. Forvia will hol..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code